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A company borrowed $150 million to fund a new project. The current terms of the loan require the company to repay $25 million every 18
A company borrowed $150 million to fund a new project. The current terms of the loan require the company to repay $25 million every 18 months for 9 years. At the end of the 9th year the company is required to repay the remainder of the loan as a lump sum payment. If the the loan has an APR of 6.75% compounded quarterly, what is the lump sum the company will be required to pay at the end of the 9th year? The company has paid off their loan. $43 million $107 million $78 million
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