Explain monthly payment of a smart business

Reference no: EM13193526

An online store that has been successfully growing on its initial angel investment and revenues wants to invest $5 million to expand the business. The bank is willing to lend the business this money at a 10 percent interest rate over an eight-year term.

Calculate the monthly payment, and explain what the business must be able to do with this money in order for this to be a smart business decision?

Reference no: EM13193526

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