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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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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 Updater XD
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1 Answer

3 votes

Answer:

probably a..

Step-by-step explanation:

User Moa
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