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Question 4 1 pts You have just arranged a three-year bank loan for $200,000 at an interest rate of 8% p.a. with interest compounded monthly.

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Question 4 1 pts You have just arranged a three-year bank loan for $200,000 at an interest rate of 8% p.a. with interest compounded monthly. The loan will be repaid in equal monthly instalments and the first payment will be due one month from today. Assuming end-of-the-month cash flows, the total interest paid in the second month will be closest to: $1,300. $1,333. $4,967. $6,267. Question 5 1 pts GBLtd has a $100 non face value counon

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