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Platinum Water Industrial just bought a new skating rink. To pay for the skating rink, the company took out a loan that requires Platinum Water Industrial to pay the bank a special payment of 12,460 dollars in 6 month(s) and also pay the bank regular payments of 5,410 dollars each month forever. The interest rate on the loan is 1.54 percent per month and the first monthly payment of 5,410 dollars will be paid in 1 month. What was the price of the skating rink?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92800299

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