Question
For a loan of $55,000, with an annual interest rate of 5% p.a. compounded monthly, and monthly repayments of $1,100. Find the number of payments
For a loan of $55,000, with an annual interest rate of 5% p.a. compounded monthly, and monthly repayments of $1,100. Find the number of payments required to repay the loan. How many years is this?
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The Handbook Of Energy Trading
Authors: Stefano Fiorenzani, Samuele Ravelli, Enrico Edoli
1st Edition
1119953693, 978-1119953692
