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Bob borrowed $10,000 from the bank. He will make monthly payments for each of the next 36 months at an APR OF 8%. All else
Bob borrowed $10,000 from the bank. He will make monthly payments for each of the next 36 months at an APR OF 8%. All else equal (APR, LOAN SIZE, Loan term) . the bank stsrts requiring quarterly payments instead of monthly. what will happen to the size if each payment and the effective annual rate (EAR) on the loan?
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The Handbook Of Financial Modeling
Authors: Jack Avon
2nd Edition
1484265394, 978-1484265390
