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You borrowed 100,000 USD for 12% interest rate. You will pay back in 45 months. Compute the monthly repayments Hint: You must change nominal annual
You borrowed 100,000 USD for 12% interest rate. You will pay back in 45 months. Compute the monthly repayments Hint: You must change nominal annual rate of 12% to a monthly basis. Then apply PVIFA.
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