3. What is the nth payment of the loan, and what is the interest and principal portion...

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3. What is the nth payment of the loan, and what is the interest and principal portion of this payment?

The contractual value of a loan at the end of year t is the remaining principal from the loan’s amortization table. This is also the present value of the loan’s payments in years t + 1, t + 2, …, N discounted at the loan interest rate.

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Principles Of Finance With Excel

ISBN: 9780190296384

3rd Edition

Authors: Simon Benninga, Tal Mofkadi

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Question Posted: Oct 19, 2024 02:00 AM

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3. What is the nth payment of the loan, and what is the interest and principal portion...

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Principles Of Finance With Excel

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