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A loan of $50 000 is repaid by monthly level instalments over 20 years at j12 = 9%. After 10 years, the loan is refinanced
A loan of $50 000 is repaid by monthly level instalments over 20 years at j12 = 9%. After 10 years, the loan is refinanced at j2 = 10.5%. What is the new monthly payments?
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Lessons In Corporate Finance
Authors: Paul Asquith, Lawrence A. Weiss
2nd Edition
1119537835, 978-1119537830
