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You pay off a 50 year, $50,000 loan at i = 3% by paying constant principle of $1,000 at the end of each year.
You pay off a 50 year, $50,000 loan at i = 3% by paying constant principle of $1,000 at the end of each year. Immediately after the loan is made, the rights to all of the payments are sold at an interest. rate i= 4%. What is this price?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
