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A 50,000 loan is payable in 3 years. to repay the loan, the debtor must pay an amount every 6 months with an interest rate
A 50,000 loan is payable in 3 years. to repay the loan, the debtor must pay an amount every 6 months with an interest rate of 6% compounded semi-annually. how much should he pay every 6 months?
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Intermediate Microeconomics
Authors: Hal R. Varian
8th edition
393934241, 978-0393934243
