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a reducing balance loan has the following recurrence model A0=20000, An+1 =1.007An -600 calculate the interest rate per annum if the loan is compounded quarterly
a reducing balance loan has the following recurrence model
A0=20000, An+1 =1.007An -600
calculate the interest rate per annum if the loan is compounded quarterly
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
2nd Edition
0324117752, 9780324117752
