Question
A broadband service company borrowed $2 million for new equipment and repaid the loan in amounts of $207,000 in years 1 and 2 plus a
A broadband service company borrowed $2 million for new equipment and repaid the loan in amounts of $207,000 in years 1 and 2 plus a lump sum amount of $2.2 million at the end of year 3.
What was the interest rate on the loan______?
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Fundamentals Of Corporate Finance
Authors: Richard A. Brealey, Marcus, Alan J, Myers, Stewart C.
2nd Edition
0070074860, 9780070074866
