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A loan is being repaid with 25 annual payments of 300 each. With the 10th payment, the borrower pays an extra 850, and then repays
A loan is being repaid with 25 annual payments of 300 each. With the 10th payment, the borrower pays an extra 850, and then repays the balance over 10 years with a revised annual payment. The effective rate of interest is 8%. Calculate the amount of the revised annual payment
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The Handbook Of Equity Derivatives
Authors: Jack Clark Francis, William W. Toy, J. Gregg Whittaker
1st Edition
0471326038, 978-0471326038
