Calculate the duration of a one-year fixed payments loan

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Calculate the duration of a one-year fixed payments loan with monthly payments of $150 and yield to maturity of 12%. Use this number to determine the % change in the price of this loan if interest rates increase to 14%.

Reference no: EM13566741

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Calculate the duration of a one-year fixed payments loan : calculate the duration of a one-year fixed payments loan with monthly payments of 150 and yield to maturity of 12. use
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