Question
Keri and Tai and looking to borrow $300,000 to buy an apartment in their favourite holiday destination. The interest rate is 8.9% per annum and
Keri and Tai and looking to borrow $300,000 to buy an apartment in their favourite holiday destination. The interest rate is 8.9% per annum and they wish to pay off their loan over 15 years. What is Keri and Tai's fortnightly (every two weeks) loan payment? (Please round your answer to the nearest dollar but exclude $ and , when typing your answer.)
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
