Question: I know how to get part A. Part B is the part that im struggling with! years ago with monthly payments at 10 percent interest.

I know how to get part A. Part B is the part that im struggling with!

years ago with monthly payments at 10 percent interest. The loan was to be fully amortized over 30 years. a. What should SMPC pay if it wants an 11 percent return? b. How would your answer to part (a) change if SMPC expected the loan to be repaid after five years

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