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A loan of 324,000 is to be repaid in 30 years by month-end repayments starting in one month. The interest rate is 4.6% p.a. compounded monthly. Calculate the interest paid in Year 5. (between the end

A loan of 324,000 is to be repaid in 30 years by month-end repayments starting in one month. The interest rate is 4.6% p.a. compounded monthly. Calculate the interest paid in Year 5. (between the end of month 48 and the end of month 60). Correct your answer to the nearest cent without any units

Apr 14 2021 View more View Less

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