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Please explain the procedure in detail please. It's sample question for corporate finacne class in university Suppose you will borrow 200,000$ for a mortgage for
Please explain the procedure in detail please. It's sample question for corporate finacne class in university
Suppose you will borrow 200,000$ for a mortgage for 20 years, with an interest rate 6%, you will pay debt at the end of the year. please compute
(a) Your installment every year
(b) If you decide to pay all the debt left at the end of tenth year in advance, how much money you should pay?
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