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Stannis Baratheon is arranging a loan from the Iron Bank of Braavos to finance his war against Roose Bolton. The terms of the loan are
Stannis Baratheon is arranging a loan from the Iron Bank of Braavos to finance his war against Roose Bolton. The terms of the loan are as follows: The Bank will provide Stannis 78,000 golden today. Each year, for the next 34 years, Stannis must pay 13, 300 golden crowns. Stannis has a discount rate of 2: What interest rate is Stannis paying for this loan? What is the net present value of the whole contract to Stannis
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