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14.50 Points) This problem is to be done in the space below Fonsides Shipbuilding is o ne to bow $14.5M to renovate the brid- the
14.50 Points) This problem is to be done in the space below Fonsides Shipbuilding is o ne to bow $14.5M to renovate the brid- the basin. The funds are needed rently in anticipation of a large building order. (a) The shipyard is offered a loan at nominal interest, paid analy for ten years. What would the amount of the payment (b) If the shipyard can invest $1.5M of It's own funds up front, another bank will allow them to borrow the balance at 4% nominal, com- pounded quarterly. What would be the payment in that case? Advise them as to which offer (e) The shipyard has an MARR of they should select
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