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Calculate the amount of monthly repayment

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CKL Ltd. borrowed $6 million to purchase office space. The loan requires monthly repayments over 17 years. The interest rate of the borrowing was 5.52% per annum. Calculate the amount of monthly repayment. (Round the final answer in dollar to two decimal places. If your answer is $123456.789, write only 123456.79)

Reference no: EM133113184

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