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if someone is to pay interest only for 5 years and then pay off the rest of the loan for another 15 years does that
if someone is to pay interest only for 5 years and then pay off the rest of the loan for another 15 years does that mean the interest payed in the 5 years will cover interest
- that the loan accumulates over the 5 years
- or
- that the loan accumulates over the 20 years
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Financial Management Core Concepts
Authors: Raymond M Brooks
3rd edition
133866696, 978-0133866698
