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Compute what will monthly payment be

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Reference no: EM132537961

Question 1: Suppose you borrow Rs. 150, 000. You have arranged for a 15-year (amortized) loan with an interest rate of 8% (compounded monthly). What will your monthly payment be?

Select one:

Option a. 1460.36

Option b. 1433.48

Option c. 17,524.43

Reference no: EM132537961

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