Pir8 systems has borrowed a sum of 25m from a bank at, Ask an Expert

Economics

PiR8 Systems has borrowed a sum of $2.5M from a bank at interest rate of 4.5%. The company also borrowed $0.5M from other sources at a interest rate of 4%. Additionally the owners have invested $2.5M in the business with the intention of earning 15% return on the investment. Show all your work please.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91677662

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