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Explain the differences between a pure discount loan, an interest-only loan, and a level-payment amortized loan. Explain interest rate risk. What are the three elements
- Explain the differences between a pure discount loan, an interest-only loan, and a level-payment amortized loan.
- Explain interest rate risk.
- What are the three elements in every time value of money calculation?
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Introduction To Financial Models For Management And Planning
Authors: James R Morris, John P Daley
2nd Edition
1498765041, 9781498765046
