Problema Solution

You have recently found a location for your bakery and have begun implementing the first phases of your business plan. Your budget consists of an $80,000 loan from our family and a $38,250 small business loan. These loans must be repaid in full within 10 years. What integer would represent your total budget?

Answer provided by our tutors

loan from family is $80000 and bussiness loan is $38250

therefore, total budget is (80000 + 38250) = $118250