Question: 63. Recall problem 41. Suppose both options will involve a loan of 40 percent of the investment cost, with payment over a) 6 years and

63. Recall problem 41. Suppose both options will involve a loan of 40 percent of the investment cost, with payment over

a) 6 years and

b) 8 years using Plan 1 and a sweet Federal government loan rate of 2 percent. Rework the problem.

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