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6 years ago
Which of the following represents the equation that would be used to determine the yield to maturity of a three-year fixed payment loan of $1,400 which has payments of $500 per year?
A) $1,400 = $500/(1 + i) + $500/(1 + i)2 + $500/(1 + i)3
B) $1,400 = $500/(1 + i)3
C) i = (1,400-500)/1,400
D) $1,400 = $500/(1 + i) + $500/(1 + i)2 + $500(1 + i)3 + 1,400/(1 + i)3
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Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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