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The partnership pays rent of $9 600 a year for the workshop. The loan would be repaid over 15 years with interest.
Imran and Leona are thinking about taking a long-term loan so they can buy the workshop they currently rent. Advise them whether or not to do this, giving points for and against to support your advice.
[5 marks]
🧭Modelled on Cambridge 0452 · May/Jun 2026 · Paper 21 · Q3(b)
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