v

Question 9 Not yet saved Marked out of 1.00 Remove flag Jane wants to buy a house and approaches the bank to borrow $603,000. The bank agrees to lend her the money and quotes a monthly repayment amount of $4,000 with no additional loan fees. If the bank's quoted annual interest rate is 5%p.a compounding monthly calculate the number of full month-end repayments using Excel. (answer by rounding down to whole number eg 50)