A loan of $200,000 is to be repaid by payments at the end of every 3 months
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A loan of $200,000 is to be repaid by payments at the end of every 3 months over a period of 25 years. If the effective interest rate on the loan is 5%, what is the size of the payment due at the end of every 3 months?
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Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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