5(cAn entrepreneur intended to start a new business knows that the first few years are the difficult. To lessen the chances of failure, a loan plan for startup capital is proposed in which interest paid during the first 2 years will be 3%, and 6% for next two years and 12% for the final two years of the 6 year loan. How large a loan can be justified for proposed repayments at the end of 2, 4, 6 years, of respectively $20, 000, $30, 000, and $ 50,000?
5(cAn entrepreneur intended to start a new business knows that the first few years are the difficult. To lessen the chances of failure, a loan plan for startup capital is proposed in which
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