Jane wants to buy a house and approaches the bank to borrow ＄587000. The bank agrees to lend her the money and quotes a monthly repayment amount of ＄5000 with no additional loan fees. If bank's quoted annual interest rate is 5% p.a compounding monthly calculate the number of full month-end repayments using Excel.
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- or 162 months if rounded off.
- Apr 03, 2018 at 7:34am
- Thank you so much!!!
- Apr 03, 2018 at 7:38am
- you're welcome
- Apr 03, 2018 at 7:39am
- Could you please help me another question. I am really confusing about it. I post the question but no one answers.
- Apr 07, 2018 at 8:26pm