Explain how to calculate the payments for the first three, Operation Management

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Explain how to calculate the payments for the first three

Your business is growing and you need to borrow $120,000 to buy new equipment. The bank offers you a ten-year fixed principal, fixed interest loan for the amount with a 3% annual rate. Explain how to calculate the payments for the first three months, and what the disadvantage of this kind of loan is.

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Operation Management: Explain how to calculate the payments for the first three

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Operation Management: Explain how to calculate the payments for the first three

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