Question
(Annuity number of periods)You've just bought a new flat-screen TV for $3,000 and the store you bought it from offers to let you finance the
(Annuity number of periods)You've just bought a new flat-screen TV for
$3,000
and the store you bought it from offers to let you finance the entire purchase at an annual rate of
16
percent compounded monthly. If you take the financing and make monthly payments of
$120,
how long will it take to pay off the loan? How much will you pay in interest over the life of the loan?
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Commodity Option Pricing A Practitioner's Guide
Authors: Iain J. Clark
1st Edition
1119944511, 978-1119944515
