also making a decision on loan options. The first option was a loan amount of 1,500,000, interest rate of 9.45%, a monthly installment of 131,490, a term payment of 12 months and no limitations. The second option the loan amount was 1,500,000, interest rate of 9.00%, a monthly installment of 131,777, a term payment of 12 months, and a prepayment limitation of six. Option one is the better choice. The installment is cheaper, and there is no prepayment limitation. The capital shortage stimulation…
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