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Consider a 4-year fully-amortizing bond with face value of $100 and an annual interest rate of 5%. a. What is the payment at the end
Consider a 4-year fully-amortizing bond with face value of $100 and an annual interest rate of 5%.
a. What is the payment at the end of year 3?
b. What is the remaining principal at the end of year 3?
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