You need a financing package totaling $ 7 5 0 , 0 0 0 Below are the loans available $ 2 5 0 , 0 0 0 at 4 2 5 , 3 0 Years $ 2 5 0 , 0 0 0 at 4 1 2 5 , 2 0 Years $ 2 5 0 , 0 0 0 at 3 6 2 5 1 5 Years Calculate the effective cost of borrowing these funds ...

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You need a financing package totaling $ 7 5 0 , 0 0 0 . Below are

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Question:

You need a financing package totaling $

750, 000 .

Below are the loans available.

250, 000

4.25 %, 30

Years

250, 000

4.125 %, 20

Years

250, 000

3.625 % 15

Years

Calculate the effective cost of borrowing these funds.

Posted Date: May 18, 2024 12:18 PM

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