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Please help with this: (the answer I marked is guessing, please show me the steps, thanks)

Question 2 1 points Saved For a proposed project costing a total of $200 million, the owner needs to secure a construction lo

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Answer #1

2 LOAN AMOUNT 3 PERIOD 4 RATE 5 RATE B MILLION 160.00 =200*0.8 18 MONTHS 12% PA 1% MONTHLY 7 TOTAL INTERST PAID DURING THE PE

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