Question
A company borrows $10 million for 10 years at an interest rate of 6.80%. They will repay the loan with monthly payments of interest only,
A company borrows $10 million for 10 years at an interest rate of 6.80%. They will repay the loan with monthly payments of interest only, but they will also make monthly deposits of $66,250.50 (at the end of each month) into a sinking fund that pays i(2)%. What is i(2) ?
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Handbook Of Digital Currency Bitcoin Innovation Financial Instruments And Big Data
Authors: David Lee Kuo Chuen
1st Edition
0128021179, 978-0128021170
