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September 19, 2014

Homework Help: Math:Calculating Investment

Posted by Mary on Friday, November 15, 2013 at 12:10pm.

How would I calculate this problem. plz help I don't know how to...

An online store that has been successfully growing on its initial angel investment and revenues wants to invest $5 million to expand the business. The bank is willing to lend the business this money at a 10 percent interest rate over an eight-year term. Calculate the monthly payment, and explain what the business must be able to do with this money in order for this to be a smart business decision.

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