1 a finance company offers a 36-month installment loan with, Ask an Expert

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1. A finance company offers a 36-month installment loan with an APR of 10.5%. Jerry wishes to use the loan to finance an engagement ring for $21,500. After first using Table 13-1 from your text to find the finance charge, calculate the monthly payment.

2. Find the fixed rate on a plain vanilla interest rate swap with payments every 180 days (assume a 360-day year) for one year. The prices of Eurodollar zero coupon bonds are 0.9756 (180 days) and 0.9434 (360 days). show your work

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Financial Management, Finance

Category:- Financial Management
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