Question
Our client has three financing options $500 million financed at 5% annually for 30 years with no finance fees $500 million financed at 4.75% annually
Our client has three financing options
$500 million financed at 5% annually for 30 years with no finance fees
$500 million financed at 4.75% annually for 30 years with $1m finance fees
$500 million financed at 4.5% annually for 30 years with $2m finance fees
what is the APR of each financing option?
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The Concepts And Practice Of Mathematical Finance
Authors: Mark S. Joshi
2nd Edition
0521514088, 9780521514088
