Suppose you take out a 10 year commercial loan with monthly payments and a principal amount of

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Suppose you take out a 10 year commercial loan with monthly payments and a principal amount of $30,000 at 3.5% APR. How much is the interest paid during the first 3 years (assuming only minimum monthly payment are made)?

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Fundamentals of Corporate Finance

ISBN: 978-0078034640

7th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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Posted Date: Feb 23, 2024 03:12 AM

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Suppose you take out a 10 year commercial loan with monthly payments and a principal amount of

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The total interest paid in the first 3 years is 260489 Heres a breakdown of the interest p... View the full answer

Fundamentals of Corporate Finance

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