Please answer a. b c and d with step by step formulas. You expect to...
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Finance
Please answer a. b c and d with step by step formulas. You expect to pay $250 each quarter for the next 5 years to pay off a loan. The interest rate on the loan is 10%, compounded quarterly. What is the value today of these cash flows? How much money can you borrow? What is the value in 3 years of the remaining cash flows? How much money do you still owe after 3 years?
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