Daniel Kaffe, CFO of Kendrick Enterprises, is evaluating a 10-year, 6.10 percent loan with gross proceeds of
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Question:
a. Calculate the net present value of the loan excluding flotation costs. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
b. Calculate the net present value of the loan including flotation costs. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
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Modern Database Management
ISBN: 9780134773650
13th Edition
Authors: Heikki Topi, Jeffrey A Hoffer, Ramesh Venkataraman
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