Question: Consider the table above, which summarizes monthly construction draws and sales revenues. What is the percent of lot sales revenue that needs to be used

Consider the table above, which summarizes monthly construction draws and sales revenues. What is the percent of lot sales revenue that needs to be used to repay the loan? Hint: Calculate the present value using a 12% per year discount rate. 33.3% 4.0% 96.36% 75.0%

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