Question: A local company has just approached a venture capitalist for financing to develop a ski hill. On April 1, 2024, the venture capitalist lent the

A local company has just approached a venture capitalist for financing to develop a ski hill. On April 1, 2024, the venture capitalist lent the company $1.08 million at an interest rate of 6%. The loan is repayable over four years in fixed principal payments. The first payment is due March 31, 2025. The ski hill operator's year end will be December 31

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