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April 20, 2014

Homework Help: Finance

Posted by mary on Tuesday, February 26, 2013 at 9:20am.

Your board of directors is thinking of taking out a loan of $500,000 for the corporporation. You have to pay $5,500 per month and $50,000 after 10 years. What annual Rate of Return would you hve to achieve on investments to make this a profitable venture?

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