Question
The 19,000$ loan will be drawn down in one installment and repaid in five equal installments 1 to 5 years after the drawdown. The repayment
The 19,000$ loan will be drawn down in one installment and repaid in five equal installments 1 to 5 years after the drawdown. The repayment amount is 5401.98. Calculate the real annual percentage rate.
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
