A factory producing spare parts used a 10-year term loan of 7500000 TL from the bank to buy a new machine. The interest rates to be applied by the bank are as follows: 1. 3 years: 20%, 2. 3 years: 22% in the last 4 years: 26% In addition, the machine purchased has a repair cost of 100,000 TL and a maintenance cost of 50000 TL every year. At the end of 10 years 

 What is the total amount to be paid to the bank?

Answer rating: 100% (QA)

To calculate the total amount to be paid to the bank we need to calculate the interest payments and ... View the full answer