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1: Five years ago Chris entered into a loan agreement to borrow $200,000, and repay the loan over 20 years through equal monthly installments. If
1: Five years ago Chris entered into a loan agreement to borrow $200,000, and repay the loan over 20 years through equal monthly installments. If the interest rate was fixed at 8% p.a. for the entire term of the loan, what is the amount of each monthly installment
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Finance For Nonfinancial Managers
Authors: Gene Siciliano
2nd Edition
0071824367, 978-0071824361
