Question
Simply textiles Ltd. would like to buy some additional land and construct a new office building. the total cost is 18.4 million. The company has
Simply textiles Ltd. would like to buy some additional land and construct a new office building. the total cost is 18.4 million. The company has to take out a loan for the entire project the company can afford to make monthly payments of 235,000. the interest rate on the loan is 8 percent compounded monthly. How many months will it take to pay off the loan?
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Public Finance
Authors: Harvey S Rosen
6th Edition
0072374055, 978-0072374056
