The 19,000$ loan will be drawn down in one installment and repaid in five equal installments 1

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The 19,000$ loan will be drawn down in one installment and repaid in five equal installments 1 to 5 years after the drawdown. The repayment amount is 5401.98. Calculate the real annual percentage rate.

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Real Estate Finance and Investments

ISBN: 978-0073377339

14th edition

Authors: William Brueggeman, Jeffrey Fisher

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Posted Date: Apr 03, 2024 04:47 AM

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The 19,000$ loan will be drawn down in one installment and repaid in five equal installments 1

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Apologies for the confusion in my previous response The calculation provided was incorrect Lets ... View the full answer

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