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Suppose you are borrowing $33,000 at an interest rate of 3.8%. You will not make any payments for the first two years. Then, starting at
Suppose you are borrowing $33,000 at an interest rate of 3.8%. You will not make any payments for the first two years. Then, starting at the end of year 3, you will make 4 annual payments to repay the loan. How much will your annual payments be? Round to the nearest dollar
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Foundations Of Financial Markets And Institutions
Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones
4th Edition
0136135315, 978-0136135319
