Question
4. You are seriously considering setting up your own business. You will need to borrow $125,000 to start your business. A private equity firm is
4. You are seriously considering setting up your own business. You will need to borrow $125,000 to start your business. A private equity firm is willing to lend you the money for a payment of $16000 a year for the next ten years, after which your debt will be settled. What rate of return is the private equity firm charging you for this loan. USE EXCEL TO ANSWER?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th Edition
0321374215, 9780321374219
