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1 9 . Your company takes out a 8 - year term loan to borrow $ 3 , 6 0 0 , 0 0 0
Your company takes out a year term loan to borrow $ to finance a building expansion. The annual interest rateon the loan is and equal payments are made monthly. How much will the monthly payment be Referring back to question # how much total interest will the company be paying over the life of the term loan?
Your company takes out a year term loan to borrow $ to finance a building expansion. The annual interest rateon the loan is and equal payments are made monthly. How much will the monthly payment be Referring back to question # how much total interest will the company be paying over the life of the term loan?
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