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5. Consider a loan of $100,000 today that will be repaid with 360 equally sized monthly payments starting one month from today. (a) Assuming a
5. Consider a loan of $100,000 today that will be repaid with 360 equally sized monthly payments starting one month from today. (a) Assuming a continuously compounding interest rate of 3% what will the monthly payments be? That is what payment C is required so that the present value of the stream of payments is equal to $100,000. (b) Over the thirty years how much interest will be paid
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