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Question) Nicole and Keith borrow $500 000 at 6.1% pa compounding quarterly and agree to make monthly repayments for 20 years. Calculate their quarterly loan

Question) Nicole and Keith borrow $500 000 at 6.1% pa compounding quarterly and agree to make monthly repayments for 20 years. Calculate their quarterly loan repayment. a. " $30,769.71 " b. " $29,194.69 " c. " $10,861.23 " d. " $7,625.00 " e. " $6,250.00 "

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