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Q) You borrow $85,000. You make monthly repayments over the next three years at a monthly interest rate of 3%. What is the amount of
Q) You borrow $85,000. You make monthly repayments over the next three years at a monthly interest rate of 3%. What is the amount of each monthly repayment?
a. $30,050.08 b. $1,343.32 c. $3,893.32 d. $2,361.11
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Introductory Econometrics For Finance
Authors: Chris Brooks
3rd Edition
1107661455, 9781107661455
