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You borrow $50,000 from a bank at the rate of 8 percent per year. You are planning to pay off this loan in 5 years
You borrow $50,000 from a bank at the rate of 8 percent per year. You are planning to pay off this loan in 5 years in equal quarterly payments. How much would be each payment?
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
4th Edition
0077262379, 978-0077262372
