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Annual interest rate 4.00% Loan Amount 4923275 Years 7 Grace Period 2 Years Loan Period 5 Years Total 7 Years Project 1.5 years (development or initial investment period) further 10 years of operation
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11 votes
11 votes
Annual interest rate 4.00%

Loan Amount 4923275

Years 7

Grace Period 2 Years

Loan Period 5 Years

Total 7 Years

Project 1.5 years (development or initial investment period)

further 10 years of operation (life of the project)

Repayable in 5 equal installments.

I need figures for interest expense, interest paid, and principal repayment. Anyone can help me?

User Ray Hamel
by
2.5k points

1 Answer

28 votes
28 votes

Answer:

formula is PRT÷10

Step-by-step explanation:

so solve it

User Brock Hargreaves
by
3.0k points
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