Question
Digger Corp. has borrowed $205680 from HSBC to purchase new IT equipment, with the loan to be repaid via quarterly payments over six years at
Digger Corp. has borrowed $205680 from HSBC to purchase new IT equipment, with the loan to be repaid via quarterly payments over six years at an annual interest rate of 6.75%, and with each payment to take place at thebeginningof each quarterly period. What will the quarterly repayments be?
Do your calculations to six decimal places, with two decimal places for your final answer.
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Financial Management Core Concepts
Authors: Raymond Brooks
4th Edition
134730417, 134730410, 978-0134730417
