Question
you want to buy a car, and a local bank will lend you $20,000. the loan will be fully amortized over 5 years (60 months),
you want to buy a car, and a local bank will lend you $20,000. the loan will be fully amortized over 5 years (60 months), and the nominal interest rate will be 12% with interest paid monthly. what will be the monthly loan payment? what will be the loan's EAR?
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Supply Chain Finance And Blockchain Technology The Case Of Reverse Securitisation
Authors: Erik Hofman, Urs Magnus Strewe, Nicola Bosia
1st Edition
3319623702, 978-3319623702
