Order the answer to: A start-up company that makes…
| Question | A start-up company that makes hydraulic seals borrowed $800,000 to expand its packaging and shipping facility. The contract required the company to repay the investors through an innovative mechanism called faux dividends, a series of uniform annual payments over a fixed period of time. If the company paid $250,000 per year for 5 years, what was the interest rate on the loan? |
|---|---|
| Subject | business-economics |
Have a writer answer this question by clicking below. If you have any questions you can contact us via live chat.
