Question
Your brother-in-law asks you to lend him $150000.00 as a second mortgage on his vacation home. He promises to make level monthly payments for 10
Your brother-in-law asks you to lend him $150000.00 as a second mortgage on his vacation home. He promises to make level monthly payments for 10 years, 120 payments in all. You decide that a fair interest rate is 6.00% compounded annually. What should the monthly payment be on the $150000.00 loan ?
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Valuing Mining Companies A Guide To The Assessment And Evaluation Of Assets Performance And Prospects
Authors: Charles Kernot
1st Edition
1855734354,1782420096
