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A loan of $27800 is repaid by payments of $590 at the end of every month. Interest is 7% compounded monthly. What is the size
A loan of $27800 is repaid by payments of $590 at the end of every month. Interest is 7% compounded monthly. What is the size of the final payment?
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Continuous Time Finance
Authors: Robert C. Merton
1st Edition
0631185089, 978-0631185086
