Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
7
Transcribed Image Text:A few years ago Dimi bought himself a
house. He received a loan from his
bank of 250,000 euros that he needed
to pay back with constant monthly
payments during 20 years at r1/12 =
0.12%. After five years of paying back
the loan, Dimi wants to borrow an
additional amount to buy a warehouse
for his business. The amount is equal
to the principal that has been repaid in
that period. How much can he
borrow?
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