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There is a new multi-family real estate project construction in the metro Vancouver area. After analyzing the different aspects of the real estate in the
There is a new multi-family real estate project construction in the metro Vancouver area. After analyzing the different aspects of the real estate in the Vancouver area, the management of Alpha Ltd. believes this to be a great investment opportunity. They decide to make a total investment of $2,500,000 in this project. Out of that total amount, they decide to fund part of this investment via an interest accruing loan for $200,000, at 6% per annum, compounded semi-annually for a period of 2 years. What is the total amount due at the end of the loan term? Round your final answer to the nearest dollar. $225,102 $256,000 $205,240 $204,073
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