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A loan of $ 1 1 5 0 0 is to be repaid in 3 0 equal monthly installments with the first one paid seven

A loan of $ $11500$ is to be repaid in $30$ equal monthly installments with the first one paid seven months after the loan is made. The nominal annual interest rate is $6 %$ compounded bimonthly. Determine the amount of the monthly payment.

Amount of monthly payment $=$ $

$?$

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A loan of $ 1 1 5 0 0 is to be repaid in 3 0 equal monthly installments with the first one paid seven

A loan of $11500 is to be repaid in 30 equal monthly installments with the first one paid seven months after the loan is made. The nominal annual interest rate is 6% compounded bimonthly. Determine the amount of the monthly payment. Amount of monthly payment =$ ?

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Recommended Textbook for

Quantitative Finance: An Object-Oriented Approach In C++

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A loan of $ $11500$ is to be repaid in $30$ equal monthly installments with the first one paid seven months after the loan is made. The nominal annual interest rate is $6 %$ compounded bimonthly. Determine the amount of the monthly payment.

Amount of monthly payment $=$ $

$?$