Mathematics, 23.05.2020 08:03 FlayMaster101
3. An online store that has been successfully growing on its initial angel investment and revenue 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.
(10 points)
Answers: 2
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