3. (Interest-only loan) Your friend took a $50,000 loan. The loan is a 15- year, 5% interest-only...

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3. (Interest-only loan) Your friend took a $50,000 loan. The loan is a 15- year, 5% “interest-only” loan (paying interest in the loan period and the principal in one installment at the end).

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Principles Of Finance With Excel

ISBN: 9780190296384

3rd Edition

Authors: Simon Benninga, Tal Mofkadi

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