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How To Calculate Interest on a Loan
When you borrow money, you’ll also pay interest on top of the amount you borrowed.. Interest is the money the lender gets for loaning you the money. Read Next: 5 Subtly Genius Moves All Wealthy People ...
<br><br>You're only looking at years 6 through 30. <br>Bond * interest rate * discount rate = Present value<br>You sum the present values for years 6 through 30 and get $40,079,131.<br><br>The problem ...
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