Alyssa was in need of a personal loan urgently. She was offered a loan by her bank
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Alyssa was in need of a personal loan urgently. She was offered a loan by her bank at an effective interest rate of 24%. However, she also had the option of obtaining the loan from her credit card company that charged her an interest rate of 1.8% p.m. Where would it be cheaper for her to take this loan?
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Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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