Question
A loan of R100 000, granted at 8% p.a. compounded monthly is to be repaid by regular equal monthly payments over a period of five
A loan of R100 000, granted at 8% p.a. compounded monthly is to be repaid by regular equal monthly payments over a period of five years, starting one month after the granting of the loan. The interest portion of the 23rd payment is equal to:
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Derivative Products And Pricing The Das Swaps And Financial Derivatives Library
Authors: Satyajit Das
1st Edition
0470821647, 9780470821640
