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You borrow $40,000 for 7 years at an annual interest rate of 6%. Calculate the loan payment. __________________ 40,000 ______ ______ N ______ 1/Y CPT
- You borrow $40,000 for 7 years at an annual interest rate of 6%.
- Calculate the loan payment.
- __________________
- 40,000 ______
- ______ N
- ______ 1/Y
- CPT ________
- Answer: _____________
- Calculate the amount of interest and principal paid in the first year.
- Interest: _______________________________________________________
- Principal: ______________________________________________________
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Value at Risk The New Benchmark for Managing Financial Risk
Authors: Philippe Jorion
3rd edition
0070700427, 71464956, 978-0071464956
