In order to restructure some of its debt general motors


In order to restructure some of its debt, General Motors decided to pay off one of its short-term loans. If the company borrowed the money 1 year ago at an interest rate of 8% per year and the total cost of repaying the loan was $82 million, what was the amount of the original loan?

Request for Solution File

Ask an Expert for Answer!!
Business Economics: In order to restructure some of its debt general motors
Reference No:- TGS01301149

Expected delivery within 24 Hours