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Microsoft Word - 10002-Assignment 1 (Sem 1, 2017).docx You have just arranged for an eight-year bank loan for $200,000 at an interest rate of 10%
Microsoft Word - 10002-Assignment 1 (Sem 1, 2017).docx
- You have just arranged for an eight-year bank loan for $200,000 at an interest rate of 10% p.a. with interest compounded semi-annually. The loan will be repaid in 16 equal installments and the first payment will be due six months from today. Assuming end-of-the-period cash flows, the interest paid in period 2 will be closest to:
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