An investor is planning to borrow $800,000 from an Australian bank at an annual rate...
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An investor is planning to borrow $ from an Australian bank at an annual rate of Assuming the loan term is years, what is the monthly repayment? Hint: the effective annual interest rate EAR is compounded over months ie EAR i nn Find the monthly rate for your calculation Round your answer in the nearest dollar eg repayment of $ is rounded as $ Do not include $ sign.
An investor is planning to borrow $ from an Australian bank at an annual rate of Assuming the loan term is years, what is the monthly repayment?
Hint: the effective annual interest rate EAR is compounded over months ie EAR i nn Find the monthly rate for your calculation
Round your answer in the nearest dollar eg repayment of $ is rounded as $ Do not include $ sign.
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