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Car loans in some countries are priced on a fixed rate basis. For example, the prevailing 3-year car loan is 325%. What this rate means is that for a $10,000 loan, the interest charge will amount to $325 per year for all the 3 years.
1) Based on the above information, compute the monthly installment payment for a 3-year loan of $60,000 if the above flat rate of 3.25% applies.
2) What is the effective annual interest rate of this 3.25% fixed rate 3-year loan? State all assumptions.
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today march 5th 2014 that is the settlement date you bought ten newly issued 1 000 face value bonds with 2.25 annual
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Five years ago, Sportify Inc. issued a 20-year bond with an annual coupon rate of 12% to finance its $60 million oversea expansion (assume coupons are paid annu
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