Question
1. Ten years ago, you took out a 30-year amortizing loan. The loan has a 9.0% APR with monthly compounding and quarterly payments. a. What
1. Ten years ago, you took out a 30-year amortizing loan. The loan has a 9.0% APR with monthly compounding and quarterly payments.
a. What is your quarterly interest rate in % (round the answer to three digits after decimal)?
b. What are quarterly payments if your current loan balance is $479,932? (Round the answer to the nearest dollar)
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Middle Market M And A Handbook For Advisors Investors And Business Owners
Authors: Kenneth H. Marks, Christian W. Blees, Michael R. Nall, Thomas A. Stewart
2nd Edition
1119828104, 978-1119828105
