Question:
How long will it take me to pay off my loan?
This question was asked on 31 July 2008
Expert Response
This depends on how much you borrow, the effective return on investment (including capital gains and growth), and interest rates.
As a general rule, without growth, a pharmacy will take between 12 and 15 years to repay the loan if they borrowed 75% of the purchase price.
However, with growth and good management, a quicker repayment program is possible.
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