Would it be better to have a higher interest rate on a loan or on an investment? Explain.

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asked Sep 17, 2022 197k views

1 Answer

Gnana Guru · Answer 1 · 2022-09-21T12:38:25+0000

Answer:

When a company borrows money it is better to have a low interest rate. The lower the interest rate, the less amount of money the company has to pay back as interest on the loan.

Explanation:

Is it better to have a higher interest rate when a company borrows money or to have a lower interest rate?

Would it be better to have a higher interest rate on a loan or on an investment? Explain.

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