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Posted by on Friday, April 8, 2016 at 4:18am.

still part of the same Q,
After 8 years the interest rate drops to 18percent p.a,compounded monthly and the present value of the loan is R128 951.39. What will his new monthly payments be?

  • elementary quantitative methos - , Friday, April 8, 2016 at 7:08am

    This is just finding the P of a PV.
    Same formula, same story.

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