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fin mangement please show wrokings 1. Hemmings, Heslop &...

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Finance

fin mangement
please show wrokings
image
1. Hemmings, Heslop & Hinds Curtis negotiated a loan for $30,000,000 at 13% per annum compounded monthly. The loan's tenure is 5 years and payments are to be made monthly Determine the following: (The monthly payment (4 marks) (ii) The total interest payback (1 mark)

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