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Computing the monthly loan payments

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Suppose that an NFL player's football contract is published as $35 million for 5 years. He is, though, paid at $7 million per year for 5 years. If the interest rate equals 8 percent, set up how you would compute the value of his contract?

Set up the formula for computing the monthly loan payments for a 15 year mortgage of $100000 taken out at 6%?

Reference no: EM132342484

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