Question
You are finalizing a bank loan for $180,000 for your small business and the closing fees payable to the bank are 2.1% of the loan.
You are finalizing a bank loan for $180,000 for your small business and the closing fees payable to the bank are 2.1% of the loan. After paying the fees, what will be the net amount of funds from the loan available to your business?
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An Introduction to Investment Banks, Hedge Funds, and Private Equity
Authors: David P. Stowell
1st edition
978-0123745033, 0123745039, 978-9380931074
