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A not for profit clainic is required to make montly payments of $31819.65 for the next 10 years to repay its long term debt. The
A not for profit clainic is required to make montly payments of $31819.65 for the next 10 years to repay its long term debt. The interest rate is 5% what is the clinics current level of business debt? Please explain how to calculate this problem with a standard calculator. 1) 3.5 million, 2) $2.5 million 3) $3 million 4) $4 million. Please explain in detail using only a standard calculator. Thank you
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