Question
You receive a $12,000 4-year constant payment loan (CPL). The loan's annual interest rate is 4%. What is the principal portion of the total payment
You receive a $12,000 4-year constant payment loan (CPL). The loan's annual interest rate is 4%. What is the principal portion of the total payment in year 4, rounded to the nearest dollar?
You receive a $17,000 5-year constant amortization loan (CAL). The loan's annual interest rate is 12%. What is the total payment in year 4, rounded to the nearest dollar?
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The Handbook Of Equity Market Anomalies
Authors: Leonard Zacks
1st Edition
0470905905, 978-0470905906
