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Your company is planning to borrow $3,000,000 on a 5-year, 11%, annual payment, fully amortized term loan. What fraction of the payment made at the
Your company is planning to borrow $3,000,000 on a 5-year, 11%, annual payment, fully amortized term loan. What fraction of the payment made at the end of the second year will represent repayment of principal? Round your answer to two decimal places
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The Municipal Budget Crunch A Handbook For Professionals
Authors: Roger L. Kemp
1st Edition
0786463740, 978-0786463749
