Denton Finance wishes to earn 3.8% on a portfolio of loans. Assuming that Denton anticipates a 2.1%

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Denton Finance wishes to earn 3.8% on a portfolio of loans. Assuming that Denton anticipates a 2.1% inflation rate. GD of 40% and a 6% default rate, what would be the monthly payment amount on a $30,000 five year self-amortizing loan?

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Principles of Auditing and Other Assurance Services

ISBN: 978-0078025617

19th edition

Authors: Ray Whittington, Kurt Pany

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Posted Date: Mar 16, 2020 02:28 AM

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Denton Finance wishes to earn 3.8% on a portfolio of loans. Assuming that Denton anticipates a 2.1%

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Principles of Auditing and Other Assurance Services

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