Question: the correct answer is 96.36% , please help me figure out how to get that number! Consider the table above, which summarizes monthly construction draws

the correct answer is 96.36% , please help me figure out

the correct answer is 96.36% , please help me figure out how to get that number!

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

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