alleryStart learning →Borrowing $10,000,000 at 10.5% for 120 months gives an EMI nearest to?
A$87,500
B$175,000
C$134,935
D$83,333
Answer & Solution
Correct answer: C. $134,935
At 0.875% a month over 120 months the annuity formula gives about $134,935.
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