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Given the cash flow table below, calculate the value of P at 8% interest ol 1 2 3 4 5 6 7 8 Year Cash

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Given the cash flow table below, calculate the value of P at 8% interest ol 1 2 3 4 5 6 7 8 Year Cash Flow -P 1,000 1,150 1,300 1,450 1,600 1,600 1,600 1,600 Mickey Mouse Construction borrowed $5.5 million to finance the construction of an entertainment complex in a smart community development project in Orlando, Florida. The company made "interest only" payments of $440,000 each year for 4 years and then repaid the principal in a single lump sum payment of $5.5 million. What was the interest rate on the loan

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