Social Studies, 19.05.2021 22:30, sugeilochoa

A restaurant chain borrows $100,000 from a bank. Over eight years, the restaurant chain will pay the loan back in monthly payments which will total $130,000. Why would the business take out a loan when it will pay out more than it receives?

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A restaurant chain borrows $100,000 from a bank. Over eight years, the restaurant chain will pay the...