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A bank agrees to give you a loan of $12,000,000 and you have to pay $1,309,908 per year (end of year) for 26 years. What
A bank agrees to give you a loan of $12,000,000 and you have to pay $1,309,908 per year (end of year) for 26 years.
- What is your rate of interest?
- What would the payments be if this were a monthly payment loan?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
11th Canadian Edition
1259024970, 978-1259265921
