Hi! I am in an intro level Finance course and I am stuck on this
problem. Any help would be greatly appreciated.
I am deciding on opening a restaurant. I was able to scrape
together some capital from friends and family, but I must pay them
back in 4 years at 12% per annum. I figure that it will cost me
$165,000 to start up with rent, deposits, equipment, salaries,
chicken, basil, rice, etc. for the first year, but I...