A person borrows $100,000 at a simple interest rate r 24 He is to repay the loan with 2 payments, one at the end of 2 months and the other at the end of 6 months The first payment is the same as the 2nd payment Determine the size of the payments, using the end of 6 months as the focal date A perso...

Heres how to determine the size of the payments for the loan 1 Calculate the total interes ...

A person borrows $100,000 at a simple interest rate r = 24%. He is to repay...

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Financial management theory and practice

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A person borrows $100,000 at a simple interest rate r = 24%. He is to repay...

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