Answer the question in your own criteria. As a Finance Manager you have an optionto borrow under the following terms and structures: A $1,000,000.00...
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Answer the question in your own criteria.

As a Finance Manager you have an option to borrow under the following terms and structures:

A $1,000,000.00 loan at a fixed rate of 3.65 percent fully amortizing for 30 years or a $1,000,000.00 3.80 percent "interest only" loan for 10 years.


Explain to state your reason(s) for choosing one term and structure or the other. Be extremely thorough with your answers and calculations.

Objectives: interest rates, forecasting, present value, future value, cash flow, and financial decision making.

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