Question
The BANK offers loans at 10% per annum, compounded semi-annually Therefore the bank's Effective Annual Rate = 10.25% (EFF) Customer A negotiated a $10,000 loan
The BANK offers loans at 10% per annum, compounded semi-annually
Therefore the bank's Effective Annual Rate = 10.25% (EFF)
Customer A negotiated a $10,000 loan to be repaid monthly over 5 years. How much is the monthly installment (payment)?
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Advances In Financial Machine Learning
Authors: Marcos Lopez De Prado
1st Edition
1119482089, 978-1119482086
