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A loan of $7,493 is to be repaid in two installments of $5,000 each. The second installment is due in 14 years. If the effective
A loan of $7,493 is to be repaid in two installments of $5,000 each. The second installment is due in 14 years. If the effective annual interest rate is 3%, when is the first installment due?
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Quantitative Finance Its Development Mathematical Foundations And Current Scope
Authors: T. Wake Epps
1st Edition
0470431997, 9780470431993
