Bailey borrowed $4000 at prime plus 1.5% on January 5th of nonleap yea. the loan require fixed
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Bailey borrowed $4000 at prime plus 1.5% on January 5th of nonleap yea. the loan require fixed monthly payment of $1000 on the first day of each month the prime rate was 13.5% on Jan 5th and increased to 14.25% effective Feb 15th and 14.75% effective of April 23rd, construct the loan repayment schedule
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Financial Institutions Management A Risk Management Approach
ISBN: 978-0071051590
8th edition
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
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