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Jane wants to buy a house and approaches the bank to borrow $612,000. The bank agrees to lend her the money and quotes a
Jane wants to buy a house and approaches the bank to borrow $612,000. The bank agrees to lend her the money and quotes a monthly repayment amount of $5,000 with no additional loan fees. If the bank's quoted annual interest rate is 5%p.a compounding monthly calculate the number of full month-end repayments using Excel. (answer by rounding down to whole number eg 50). Answer:
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Fundamental Accounting Principles Volume II
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
16th Canadian edition
1259261433, 978-1260305838
