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Title: Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Post by: gewusel on Nov 27, 2017 Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. Payments of $30000.00 and $25000.00 were made after four months and ten months respectively. At the end of one year, he borrowed an additional $42500.00. Seven months later, the line of credit loan was converted into a collateral mortgage loan. What was the amount of the mortgage if the line of credit interest was at prime (3%) + 1.25% compounded monthly?
A) $77002.58 B) $45368.70 C) $19560.45 D) $63125.35 E) $61582.31 Title: Re: Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Post by: josan on Nov 27, 2017 Content hidden
Title: Re: Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Post by: Tom Habks on Dec 6, 2019 thanks
Title: Re: Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Post by: eryvdd on Apr 20, 2020 Thank you
Title: BFSF: Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Post by: shinaya s on Jun 20, 2023 Help! The answer is missing an explanation...
Title: Re: Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Post by: josan on Jun 22, 2023 Hope it will help, please do comment if you need any further explanation. Your feedback would be highly appreciated.
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