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A company plans to finance a 20-year project with a line of credit of $50,000,000.00 at an interest rate of 12% compounded monthly. The loan
A company plans to finance a 20-year project with a line of credit of $50,000,000.00 at an interest rate of 12% compounded monthly. The loan costs include 2 points, an originating fee of $45,000.00, and closing cost of $20,000.00.
Calculate the required monthly payments and true financial cost of capital for the project.
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