A & S company has taken a loan of D10,000,000 from Trust Standard Chartered Bank Gambia Ltd. at 15% interest. What is the cost of term loan if the tax rate is 5%?

Question

04-06-2021
Advanced Placement (AP)

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A & S company has taken a loan of D10,000,000 from Trust Standard Chartered Bank Gambia Ltd. at 15% interest. What is the cost of term loan if the tax rate is 5%?

Sagot :

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