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8) You need to borrow $2,500 quickly and Slimey Joe, the neighborhood loan will give it to you if you promise to repay him $300

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8) You need to borrow $2,500 quickly and Slimey Joe, the neighborhood loan will give it to you if you promise to repay him $300 a month for the next yea Suppose that Joe's cost of funds is 2 percent per month. From Joe's point of what is the net present value of this deal? A) $429.18 B) $487.08 C) $542.16 D) $672.60 Financial Management Founda Last Update Sept

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