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Example: A contractor anticipates his spending to be as shown in the 7 months project. Owner reimbursement lags by a month and owner retains 1

Example: A contractor anticipates his spending to be as shown in the 7 months project. Owner reimbursement lags by a month and owner retains 10% till the final and satisfactory completion of the project. Borrowing money cost the contractor 1% per month. Draw the cash flow diagrams and calculate the cost of borrowing money and maximum debt.
\table[[Month,Spending],[1,$175,000
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