Question
You borrowed $175,667 to buy a property and the bank applied an interest rate of 3.75% p.a compounding monthly. Your loan was approved over 7
You borrowed $175,667 to buy a property and the bank applied an interest rate of 3.75% p.a compounding monthly.
Your loan was approved over 7 years.
Calculate your loan repayments correct to the nearest dollar (Ignore $ sign and cashflow direction).
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
