Question
Let's say you borrow $2000 at 10% annual interest to finance a new business project. In order for this loan to be profitable, what is
Let's say you borrow $2000 at 10% annual interest to finance a new business project. In order for this loan to be profitable, what is the minimum amount that this project should provide in annual revenue? And why?
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
To determine the minimum amount of annual revenue the project should generate for the loan ...
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Accounting Texts and Cases
Authors: Robert Anthony, David Hawkins, Kenneth Merchant
13th edition
1259097129, 978-0073379593, 007337959X, 978-1259097126
