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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.
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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
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