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"You want to buy a new Tesla car that will cost $200.5k. The bank will lend you the money at 9% p.a. compounded monthly over three and half years. To reduce the amount of the loan repayment you make a special payment at the end of the loan of $108k. The $108k payment is instead of the monthly loan payments. What is the amount of the 41 regular monthly loan repayments on this three and half year loan?"

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93059417

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