Problem on-loan for new equipment

Reference no: EM132178309

Question: You run a business and are considering offering a new service. If you offer the new service, you expect it to generate $60,000 in profits each year for your business over the next two years. In order to offer the new service, you will need to take out a loan for new equipment. Assume a 5 percent annual interest rate.

Reference no: EM132178309

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