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Does this payment seem reasonable

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Question - Your supervisor has tasked you with evaluating several loans related to a new expansion project. Using the PVIFA table, determine the annual payment on a $400,000, 8% business loan from a commercial bank that is to be amortized over a five-year period.  If you can help to show the work this will help me to understand. Does this payment seem reasonable? Could you explain.

Reference no: EM132980633

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