Question
A debt of $42500 is repaid by payments of $4850.00 made at the end of each year. Interest is 7% compounded semi-annually how many payments
A debt of $42500 is repaid by payments of $4850.00 made at the end of each year. Interest is 7% compounded semi-annually
how many payments are need to pay the debt?
what is the cost of the debt for the first three years?
what is the principal repaid in the 5th year?
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
