The market value of a loan at the end of year t is the present value of
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The market value of a loan at the end of year t is the present value of the remaining total payments of the loan’s payments in years t + 1, t + 2, …, N discounted at the market interest rate.
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Related Book For
Principles Of Finance With Excel
ISBN: 9780190296384
3rd Edition
Authors: Simon Benninga, Tal Mofkadi
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