Your venture has signed a new consulting contract that will require you to invest in new analytical software and a new computer. The cost of this equipment is $200,000. You will finance this investment by borrowing from the bank. The loan will be for 3 years at a rate of 9%.The loan will be amortized over the three years so that at the end of year 3 your loan balance will be $0. Your periodic loan payment will be between $81,000 and $81,200.

True

False