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You have borrowed a five-year loan of $77,500. The interest rate is 8 percent per year, and the loan calls for equal annual payments. What
You have borrowed a five-year loan of $77,500. The interest rate is 8 percent per year, and the loan calls for equal annual payments. What is the PMT?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0324422696
