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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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Options Futures And Other Derivatives
Authors: John C. Hull
4th Edition
0130224448, 9780130224446
