How is issued debt to cover acquisition of $2,000,000 with a 10 year term and interest rate of 5.80% calculated in with Return on investment formula?
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To figure out the cost, you will need to know how much you will make in payments to cover the loan plus its interest over the 10 year life. Assuming monthly payments, you will make 120 equal payments.
How much will each payment be? To do this, you need calculate amortization. There are numerous amortization/payment calculators, as the calculations can be complex....
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