question archive 3) An online store that has been successfully growing on its initial angel investment and revenue wants to invest $5 million to expand the business
3) An online store that has been successfully growing on its initial angel investment and revenue wants to invest $5 million to expand the business
Subject:EconomicsPrice: Bought3
3) An online store that has been successfully growing on its initial angel investment and revenue 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. (10 points)
