Question
You are seriously considering setting up your own business. You will need to borrow $125,000 to start your business. A private equity firm is willing
You are seriously considering setting up your own business. You will need to borrow $125,000 to start your business. A private equity firm is willing to lend you the money for a payment of $16000 a year for the next ten years, after which your debt will be settled. What rate of return is the private equity firm charging you for this loan?
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School Finance A Policy Perspective
Authors: Allan Odden, Lawrence Picus
6th Edition
1259922316, 9781259922312
