Question
Your business has just taken out a 1-year installment loan for $75,000 at a nominal rate of 7.0% but with equal end-of-month payments. What percentage
Your business has just taken out a 1-year installment loan for $75,000 at a nominal rate of 7.0% but with equal end-of-month payments. What percentage of the 2nd monthly payment will go toward the repayment of principal?
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The Commercial Real Estate Investors Handbook
Authors: Steven D. Fisher
1st Edition
1601380372, 978-1601380371
