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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Advanced Finance
Authors: Michael Fardon
1st Edition
1872962319, 1872962173, 978-1872962313, 978-1872962177
