A borrower had 60,000 loans at 9-year payments at a compounded annual rate of 4%. Suppose the
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A borrower had 60,000 loans at 9-year payments at a compounded annual rate of 4%. Suppose the borrower repays the loan after 5 years. Calculate the amount needed to pay off the loan.
Related Book For
Financial Management Theory And Practice
ISBN: 978-0176583057
3rd Canadian Edition
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
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