Huntington Realty would like to buy some additional land and construct a new office building. The total
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Huntington Realty would like to buy some additional land and construct a new office building. The total cost is $20 million. The company has to take out a loan for the entire project. The company can afford to make monthly payments of $290,000. The interest rate on the loan is 7 percent compounded monthly. How many months will it take to pay off the loan?
Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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