Question: Bolsa meter corp is palnning on constructing a new $ 6 4 million facility. The company plans to pay 5 0 . 0 0 %

Bolsa meter corp is palnning on constructing a new $64million facility. The company plans to pay 50.00% of the cost in cash and finance the balance. How much will each bi-weekly loan payment be if they can borrow the necessary funds for 29years at 15.00% compounded bi-weekly. Noted that biweekly means there are 26 payments per year

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