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How much would your yearly repayments (A) be if you borrow today $500,000 for t=30 years at the interest rate i=6% compounded annually? Assume that

How much would your yearly repayments (A) be if you borrow today $500,000 for t=30 years at the interest rate i=6% compounded annually? Assume that the first repayment is paid at the start of year 1 (round off to 2 decimal places in intermediate calculations). Select one:

about 36,324

about 2,872,746

None of the answers is correct.

about 55,758

about 34,268

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