2. You just took a $10,000, five-year loan. Payments at the end of each year are flat...

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2. You just took a $10,000, five-year loan. Payments at the end of each year are flat (equal in every year) at an interest rate of 15 percent. Calculate the appropriate loan table, showing the breakdown in each year between principal and interest.

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Financial Modeling

ISBN: 9780262024822

2nd Edition

Authors: Simon Benninga

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