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Please I need the answer typed. Thanks. 5. Calculate the duration of a commercial loan. The face value of the loan is $2,000,000. It requires

Please I need the answer typed. Thanks. image text in transcribed
5. Calculate the duration of a commercial loan. The face value of the loan is $2,000,000. It requires simple inter- est yearly, with an APR of 8%. The loan is due in four years. The current market rate for such loans is 8%

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