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Suppose that a firm has borrowed $510,000 in the current year at 7.5% interest rate, with a commitment to repay the loan (principal and

 

Suppose that a firm has borrowed $510,000 in the current year at 7.5% interest rate, with a commitment to repay the loan (principal and interest) in equal annual instalments over the following 7 years. Calculate: a) b) c) The amount of the annual principal repayment The stream of interest payments The stream of total annual repayments

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