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stranahan stranahan
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7 years ago
If you borrow $50,000 at an annual interest rate of 12% for six years, what is the annual payment (prior to maturity) on an interest-only type of loan?
A) $6,000.00
B) $0.00
C) $8,333.33
D) $12,161.29
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Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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torchunicycletorchunicycle
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you very much for this. It's really helpful.
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