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kolitchko kolitchko
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6 years ago
What is the yield to maturity on a simple loan that requires payment of $500 plus $30 in interest one year from now?
A) 5.3%
B) 6%
C) 6.38%
D) Not enough information has been provided to determine the answer.
Textbook 
Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
Authors:
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pepebillypepebilly
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6 years ago
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kolitchko Author
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6 years ago
Thanks
Cdfields
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Yesterday
Helped a lot
kriggs62
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2 hours ago
this is exactly what I needed
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