Question
You borrowed $200,000 exactly 4 years ago. The loan is structured as an amortized loan. The interest rate is 4% and you make quarterly (end-of-quarter)
You borrowed $200,000 exactly 4 years ago. The loan is structured as an amortized loan. The interest rate is 4% and you make quarterly (end-of-quarter) payments of
$3,173.15. The loan is amortized over 25 years. How much principal have you paid over the first 4 years?
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Airline Finance
Authors: Peter S. Morrell
4th Edition
1351959743, 978-1351959742
