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You borrow $100,000 at an interest rate of 12% compounded semi annually on January 1st, 2005. The loan terminates on December 31^st, 2008. The loan terms call for interest payments every six months (at the end of each period) for the next 3 years and repayment of principal at maturity. What will be your cash outflow each period during the life of the loan?

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Financial Management, Finance

Category:- Financial Management
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