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A bank has a $ 1 0 million 5 - year commercial loan which requires an annual interest payment of $ 7 0 0 ,
A bank has a $ million year commercial loan which requires an annual interest payment of $
Market rates are now at What is the duration of the bank's commercial loan?
Please show Inputs for DURATION formula in excel!
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Entrepreneurial Finance
Authors: Philip J. Adelman; Alan M. Marks
6th edition
9780133099096, 133140512, 133099091, 978-0133140514
