Corporate Fin Focused Approach
Corporate Fin Focused Approach
5th Edition
ISBN: 9781285660516
Author: EHRHARDT
Publisher: Cengage
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Consider a $200,000 loan with fixed monthly payments. Compute the amount of interest savings when the term of the loan is 15 years and the interest rate is 6.2% versus when the term is 30 years and the interest rate is 7.5% assuming that the loan is held until its maturity. Ignore time value of money.

 

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Corporate Fin Focused Approach
Finance
ISBN:9781285660516
Author:EHRHARDT
Publisher:Cengage