Question
A 18 year loan is being repaid with level payments at the end of each month. The loan rate of interest is 15.6% compounded monthly.
A 18 year loan is being repaid with level payments at the end of each month. The loan rate of interest is 15.6% compounded monthly. In which month is the interest portion approximately equal to 5 times principal the portion? Give an integer answer.
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The Handbook Of Mergers And Acquisitions
Authors: David Faulkner, Satu Teerikangas, Richard J. Joseph
1st Edition
0199601461, 978-0199601462
