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Business, 09.12.2020 01:20 crobinson2327

Les Heddle needs to borrow $15,000 to do some remodeling in his store and has three options: a.) The Thrifty Company offered him an APR of 16% for a three-year loan. Monthly payments are $555. b.) The Greenback Bank offers a five year loan at 15% APR with a total monthly payment of $375. c.) The Silk Purse did not quote an APR, but said they have a "no frills" policy and you can have a four year loan with monthly payments at the amazing price of $496 per month. Which of these is best for Les Heddle?

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Les Heddle needs to borrow $15,000 to do some remodeling in his store and has three options: a.) The...
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