Question
You borrow $15,000 and repay the loan over 2 years by making weekly repayments at an interest rate of 8% p.a. compounded weekly.What is the
You borrow $15,000 and repay the loan over 2 years by making weekly repayments at an interest rate of 8% p.a. compounded weekly.What is the size of each weekly repayment?
a. $133.11
b. $1,500.07
c. $144.23
d.$156.19
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Principles Of Corporate Finance
Authors: Lawrence J. Gitman, Sean M. Hennessey
2nd Canadian Edition
0321452933, 978-0321452931
