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Nancy takes out a 29-year loan of $650,000 today. The bank charges interest at 3.6% p.a. compounded monthly. Nancy makes equal month-end payments starting in one month's time. Calculate how much Nancy

Nancy takes out a 29-year loan of $650,000 today. The bank charges interest at 3.6% p.a. compounded monthly. Nancy makes equal month-end payments starting in one month's time. Calculate how much Nancy should repay each month. Round your answer to the nearest cent. Do not include $. Do not use comma separators. For example, 1234.56 would be the correct format. The monthly repayment is $

Apr 12 2021 View more View Less

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