A friend of Seths who is a real estate developer needs to borrow $80,000 to finish a
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A friend of Seth’s who is a real estate developer needs to borrow $80,000 to finish a development project. He is desperate for cash and offers Seth 18%, compounded monthly, for 2 ½ years. Find the future value of the loan using the future value table. Does this loan meet Seth’s goals of low risk? How could he reduce the risk associated with this loan?
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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