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Calculate the flat monthly instalment for the car loan amount of $450,000 over two years at 5% compounded semiannualy. You can use either geometric

 

Calculate the flat monthly instalment for the car loan amount of $450,000 over two years at 5% compounded semiannualy. You can use either geometric progression or an optimizer (Goal seek or Solver) to solve for flat monthly instalments. What can you say about the distributional features of stock returns and the stock exchange market (e.g. ASX) efficiency?

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