Business, 07.11.2019 04:31 alexgonzales7133
Paula is trying to get a loan for $10,000 to start a business as a financial advisor and is trying to decide between several options. (15 points) i) a $10,000 loan that needs to be paid back after 5 years with a 5% nominal annual interest rate, compounded monthly. ii) a $10,000 loan that needs to be paid back after 6 years, the first 2 years there is no interest, and after the annual effective interest rate is 10%. hint: when solving for the annual payment
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Paula is trying to get a loan for $10,000 to start a business as a financial advisor and is trying t...
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