ou borrow 50000 for a term o 14 years at a fixed interest rate of 8% per annum. The loan is to be repaid by level monthly repayments in arrears of capital and interest. what is the capital repaid in the first monthly instalm
ou borrow 50000 for a term o 14 years at a fixed interest rate of 8% per annum. The loan is to be repaid by level monthly repayments in arrears of capital and interest. what is the capital repaid in the first monthly instalm
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 41P
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You borrow 50000 for a term o 14 years at a fixed interest rate of 8% per annum. The loan is to be repaid by level monthly repayments in arrears of capital and interest. what is the capital repaid in the first monthly instalment
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