The bank is willing to lend the business this money at a 10, 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.

how would I calculate this investment,

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9483592

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