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A newly-wed couple took out a bank loan in order to purchase furniture for their home. The loan was to be repaid in monthly instalments
- A newly-wed couple took out a bank loan in order to purchase furniture for their home. The loan was to be repaid in monthly instalments of $950 over two years. Calculate the present value of these repayments if the interest rate is 18% compounded monthly.
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An Introduction To Personal Finance
Authors: Anne Marie Ward
2nd Edition
1907214267, 978-1907214264
