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To borrow $1,100, you are offered an add-on interest loan at 8 percent. Two loan payments are to be made, one at six months and
To borrow $1,100, you are offered an add-on interest loan at 8 percent. Two loan payments are to be made, one at six months and the other at the end of the year. Compute the two equal payments.
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Derivatives Markets
Authors: Robert L. McDonald
2nd Edition
032128030X, 978-0321280305
