Comparing Loans You need to borrow $1000 right now but can repay the loan in 6 months
Chapter 6, Problem 63(choose chapter or problem)
Comparing Loans You need to borrow $1000 right now but can repay the loan in 6 months. Since you want to pay as little interest as possible, which type of loan should you take: a discounted loan at 9% per annum or a simple interest loan at 10% per annum?
Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.
Becoming a subscriber
Or look for another answer