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A loan for $66,000 is made for 10 years at 5 percent interest and no monthly payments will be due (asuming monthly compounding) Required: a.
A loan for $66,000 is made for 10 years at 5 percent interest and no monthly payments will be due (asuming monthly compounding) Required: a. How much will be due at the end of 10 years? b. What will be the yield to the lender if it is repaid after eight years? c. If 1 point is charged to the yield, what will be the new yleld to the lerider
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Foundations Of Financial Markets And Institutions
Authors: Franco Modigliani, Frank J. Jones, Michael G. Ferri, Frank J. Fabozzi
3rd Edition
0130180793, 978-0130180797
