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You are planning to buy a car with a loan. You want to borrow 12638 today and repayments will be monthly (with the first repayment
You are planning to buy a car with a loan. You want to borrow 12638 today and repayments will be monthly (with the first repayment occurring one month from today) and the term of the loan is 7 years. If the annual interest rate with monthly compounding is 8%, what is the fair monthly repayment that you should demand? Answer to the nearest pound. a. 1002 b. 84 c. 256 d. 55
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R In Finance And Economics A Beginners Guide
Authors: Abhay Kumar Singh, David Edmund Allen
1st Edition
9813144467, 978-9813144460
