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Jane wants to buy a house and approaches the bank to borrow 587000. The bank agrees to lend her the money and quotes a monthly
Jane wants to buy a house and approaches the bank to borrow 587000. The bank agrees to lend her the money and quotes a monthly repayment amount of 5000 with no additional loan fees. If bank's quoted annual interest rate is 5% p.a compounding monthly calculate the number of full month-end repayments using Excel
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