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Roxette corporation is offering a 30 year fully amortising home loan at a nominal interest rate of 4.5% pa. quarterly. If you can afford to
Roxette corporation is offering a 30 year fully amortising home loan at a nominal interest rate of 4.5% pa. quarterly. If you can afford to make quarterly payments of $3.200, how much will the loan be worth in 30 years time? round your answer to two decimal places.
a). $804,539.83
b). $922,530.75
c). $611,542.09
d). $887,150.90
e). $778,601.29
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