Question: Seved Help Seve 00 8 A commercial real estate developer plans to borrow money to finance an upscale mall in an exclusive area of the

Seved Help Seve 00 8 A commercial real estate developer plans to borrow money to finance an upscale mall in an exclusive area of the city The developer plans to get a loan that will be repaid with uniform payments of $500,000 beginning in year 2 and ending in year 16. How much will bark be willing to loan at an interest rate of 115 per year? The bank will be willing to loan the developer a sum of $ 12994546 00 00:16.00

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