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I borrow $4,500,000 for 5 years at 12.5% per annum nominal compounded monthly with repayments made every month in arrears. (ie. the first payment
I borrow $4,500,000 for 5 years at 12.5% per annum nominal compounded monthly with repayments made every month in arrears. (ie. the first payment is made one month after the loan is drawn.) What will be the monthly repayment?
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
