To build a new inventory storage facility a company borrows, Ask an Expert

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To build a new inventory storage facility, a company borrows $100,000 from a bank at an annual interest rate of 8%. If the term of the loan is 10 years, what is the annual payment that will be made by the company to the bank assuming compounding interest?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92073416

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