A bank makes a $50,000 loan and will receive payments of $600 each month for 20 years as repayment. What is the rate of return to the bank for making this loan?
A bank makes a $50,000 loan and will receive payments of $600 each
month for 20 years as repayment. What is the rate of return to the bank for making this loan?
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The post A bank makes a $50,000 loan and will receive payments of $600 each month for 20 years as repayment. What is the rate of return to the bank for making this loan? appeared first on Superb Professors.
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