What is the amount of the loan

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Question: The bank is loaning funds to a firm to build a new facility. The loan agreement calls for annual payments of $25,000 per year for 40 years. The first payment is due at the end of year 5. What is the amount of the loan given an annual interest rate of 9 percent? I am using an excel spreadsheet for the calculations. Please provide: N, I, PV, PMT, FV.

Reference no: EM131941438

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