Question
you borrowed 100,000 exactly 5 years ago. the loan is structured as an amortized loan. the interest rate is 6 % and you make quarterly
you borrowed 100,000 exactly 5 years ago. the loan is structured as an amortized loan. the interest rate is 6 % and you make quarterly (end of quarter) payments of 1937.06. the loan is amortized over 25 years. how much principal have you paid over the first 5 years ?
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Public Finance In Canada
Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon
3rd Canadian Edition
0070951659, 978-0070951655
