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Help solving business math problems
You need to borrow $6000 right now but can repay the loan in 16 months. Since you want to pay as little as possible which type of loan should you take a discounted loan at 5% per annum or a simple interest loan at 5.25% per annum?
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I wouldn't borrow at all. I'd get a second job.
Or she could use her investment money instead of borrowing - https://www.askmehelpdesk.com/accoun...ml#post3454240 |
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