Register
Would you rather borrow $10,000 by issuing (a) a 90-day, 15 percent note or (b) a 90-day, discounted note discounted at 15 percent? Explain your answer and show your calculations.
201,679 views
27 votes
27 votes
Would you rather borrow $10,000 by issuing (a) a 90-day, 15 percent note or (b) a 90-day, discounted note discounted at 15 percent?

Explain your answer and show your calculations.

User Aury
by
3.0k points

1 Answer

23 votes
23 votes

Answer:

probably a..

Step-by-step explanation:

User Flux
by
2.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

Please show steps and explain
What is the first thing you think it when you hear the phrase “agricultural revolution”?
At an educational institution, the cost of room and board includes How is a student loan different from a scholarship?
Solve for t 12 sin ( t ) cos ( t ) = 8 cos ( t ) 0 ≤ t < 2 π I got 0.7297 for one but I keep getting pi/2 as my second
Why do people need to be connected with computer network.
Link Copied!