A country has $60 million of debt at the rate of 10%. It does not make any
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A country has $60 million of debt at the rate of 10%. It does not make any payments in year 1 and 2 and manages to negotiate the interest rate to 7% at the end of year 2.
Calculate the interest payment in year 3 for this country.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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