Which is a better offer? Provide your computation to prove your answer. 1. You need 120,000 to start a new business venture. You considered the following ways of getting credit: A. Bank at 15% per annum B. Credit card at 3.25% month C. Friendly neigborhood at 15% in 3 months. Which is the best choice?
Which is a better offer? Provide your computation to prove your answer. 1. You need 120,000 to start a new business venture. You considered the following ways of getting credit: A. Bank at 15% per annum B. Credit card at 3.25% month C. Friendly neigborhood at 15% in 3 months. Which is the best choice?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Which is a better offer? Provide your computation to prove your answer.
1. You need 120,000 to start a new business venture. You considered the following ways of getting credit:
A. Bank at 15% per annum
B. Credit card at 3.25% month
C. Friendly neigborhood at 15% in 3 months.
Which is the best choice?
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