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Mr. John borrows $2,000,000 to purchase a building at an interest rate of 10%. The term of this loan is 20 years. We ask to
Mr. John borrows $2,000,000 to purchase a building at an interest rate of 10%. The term of this loan is 20 years.
We ask to determine the price of this mortgage in 16 years, if it corresponds to the present value of its cash flows.
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