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How much money could a firm borrow to finance a project if it is expected revenues of $440,000 yearly for the 6 years period of
How much money could a firm borrow to finance a project if it is expected revenues of $440,000 yearly for the 6 years period of time with the interest rate 6% per year? Please write formula and show your solution step by step. Use compound interest tables. a) draw the Cash flow b) find the solution c) find the future value of the revenues
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Understand Accounting
Authors: Claude Hitching, Derek Stone
1st Edition
0273018833, 978-0273018834
