Question: Recall Problem 09.02-PR023. Suppose both options will involve a loan of 40% of the investment cost, with payment over (a) 6 years and (b) 8

Recall Problem 09.02-PR023. Suppose both options will involve a loan of 40% of the investment cost, with payment over

(a) 6 years and

(b) 8 years using Plan 1 and a sweet Federal government loan rate of 2%. Rework the problem.

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