An online store that has been successfully growing on its, Ask an Expert

Economics

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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Macroeconomics, Economics

Category:- Macroeconomics
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