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If you borrow $40,000 at an annual interest rate of 11% for seven years, what is the annual payment (prior to maturity) on a discount
If you borrow $40,000 at an annual interest rate of 11% for seven years, what is the annual payment (prior to maturity) on a discount loan?
| $6,000.00 | ||
| $0.00 | ||
| $8,333.33 | ||
| $12,161.29 |
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Real Estate Finance
Authors: John P. Wiedemer
8th Edition
0324142900, 9780324142907
