
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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John bought a condo for RM 630,000. He made a 15% down payment and financed the balance through a bank for 30 years.
(a) If the interest rate was 6.5% compounded monthly, find the monthly payment that John made to settle the loan.
(b) How much was the total interest charged
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