Question
You are planning on taking a loan for $ 52 ,000. You will repay the loan in annual payments over the next 10 years and
You are planning on taking a loan for $ 52 ,000. You will repay the loan in annual payments over the next 10 years and the loan has a stated interest rate of 5 %. For the very last payment on your loan, how much of this is repayment of principal?
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Lectures On Public Economics
Authors: Anthony B. Atkinson, Joseph E. Stiglitz
1st Edition
0691166412, 978-0691166414
