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1. Suppose you need to borrow $10000; the bank offers two deals: 1 ) 0% APR for 2 years, fixed monthly payment, but one-time upfront

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1. Suppose you need to borrow $10000; the bank offers two deals: 1 ) 0% APR for 2 years, fixed monthly payment, but one-time upfront transaction fee 4%,2 ) 6.9% APR for 2 years, fixed monthly payment, no transaction fee. Market interest rate is 4% APR. What option you would choose. Show your calculation and rational

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