Let's assume you borrow $5,000,000 from a bank at 7% payable as the duration of the loan

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Let's assume you borrow $5,000,000 from a bank at 7% payable as the duration of the loan (fixed). If your company has a project that will show excessive cash flow covering all your payments, would you pay the bank first?

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Fundamentals of Engineering Economics

ISBN: 978-0132775427

3rd edition

Authors: Chan S. Park

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Posted Date: Jan 08, 2021 02:37 AM

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Let's assume you borrow $5,000,000 from a bank at 7% payable as the duration of the loan

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YesI pay to the bank first if Ive excessive cash flow Initially assuming the prepayment in full should be possible somewhat right on time into the res... View the full answer

Fundamentals of Engineering Economics

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