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You are asked to provide a mortgage of 9.7million for a house purchase in central London. The loan is to be repaid in 11 equal

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You are asked to provide a mortgage of 9.7million for a house purchase in central London. The loan is to be repaid in 11 equal annual payments, the first of which will be exactly one year from now. Given what you know about the borrower, you decide that your RRR on this loan is 5%. What annual payments would you demand on this loan (in millions of )? Select one: a. 1.07 b. 1.17 c. 10.18 d. 0.97 e. 0.48

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