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Please show Formulas in Excel. Suppose a firm issues a $10 million debenture maturing in 8 years and with an annual rate of 7%. Interest
Please show Formulas in Excel. Suppose a firm issues a $10 million debenture maturing in 8 years and with an annual rate of 7%. Interest is paid annually at the end of the year. How much will the firm have paid out in total as of year 8, when it pays the interest plus principal? |
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