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Sam Jones has an engineering firm. He wants to build a new headquarters building. The building will cost $ 1 , 5 0 0 ,
Sam Jones has an engineering firm. He wants to build a new headquarters building. The building will cost $ He will put down $ and have a bank finance the remainder at prime plus percent. The prime lending rate is currently percent. Sam will withdraw the money for the down payment from his mutual fund account where he has earned percent for the last ten years. What percentage of the building is being equity financed?
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