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If i is the yield to maturity of a fixed - payment loan iequals the present value of the loan payments. the value of the
If is the yield to maturity of a fixedpayment loan
iequals the present value of the loan payments.
the value of the loan today equals the sum of the values of the loan payments.
the value of the loan today equals the present value of the loan payments discounted at rate
the value of the loan today equals i times the sum of the values of all the loan payments.
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University Finances Accounting And Budgeting Principles For Higher Education
Authors: Dean O. Smith
1st Edition
1421427257, 978-1421427256
