Question
Joe borrowed $9 million to purchase an apartment in Melbourne. The loan requires quarterly repayments over 20 years. The interest rate of the borrowing was
Joe borrowed $9 million to purchase an apartment in Melbourne. The loan requires quarterly repayments over 20 years. The interest rate of the borrowing was 6.6 per cent per annum. Calculate the amount of quarterly repayment.
(Round the final answer to two decimal places. If your answer is $123456.789, write only '123,456.79'.)
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The Changing Geography Of Banking And Finance
Authors: Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro
1st Edition
1441947205, 978-1441947208
