Your company has taken out a 1 year installment loan for 7 2 , 5 0 0

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Your company has taken out a

1

year installment loan for

72, 500

at a nominal rate of

19.5 %

but with equal end of month payments. what is the total interest payment in the second half of the year?

Related Book For answer-question

Fundamentals of Corporate Finance

ISBN: 978-0132148238

2nd edition

Authors: Berk, DeMarzo, Harford

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Posted Date: Apr 01, 2024 06:06 AM

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Your company has taken out a 1 year installment loan for 7 2 , 5 0 0

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Expert Answer:

Fundamentals of Corporate Finance

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