Question
Ali borrows 90000TL with monthly interest rate (for one month) 1% for a 14-year term and the credit will be paid monthly with equal payments.
Ali borrows 90000TL with monthly interest rate (for one month) 1% for a 14-year term and the credit will be paid monthly with equal payments. a) Calculate the monthly payment for 14-year credit? b) After 111-months Ali wants to pay the remaining debt (without any commission or penalty). How much Ali needs to pay?
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Options Futures And Other Derivatives
Authors: John Hull
11th Global Edition
1292410655, 9781292410654
