Question
Imagine a firm interested in getting a loan to invest in a project. The CFO believes that the firm will be able to pay
Imagine a firm interested in getting a loan to invest in a project. The CFO believes that the firm will be able to pay $20,000 per month in the next two years. In addition to the monthly payments, the firm can pay a one-time $150,000 at the end of year 2. If the loan has an APR of 6% pa, what is the maximum amount the firm can borrow today?
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Focus On Personal Finance
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