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25 25. Bank A offers you a loan which you will repay over 5 -years at j12=6% with monthly payments of $1500. Bank B offers
25 
25. Bank A offers you a loan which you will repay over 5 -years at j12=6% with monthly payments of $1500. Bank B offers you the same loan amount, but at j4=6%, which you will repay over 5 -years with quarterly payments of $R. What is the maximum value of R for you to even consider Bank B? (A) $4525.88 (B) $4522.54 (C) $4519.19 (D) $4500.00 Step by Step Solution
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Public Finance In Canada
Authors: Harvey S. Rosen, Wen, Snoddon
4th Canadian Edition
0070071837, 978-0070071834
