Question
A toy store owner would like to borrow $24000 from a bank to increase her stock. The bank will give the owner a discounted loan
A toy store owner would like to borrow $24000 from a bank to increase her stock. The bank will give the owner a discounted loan for 4 months at a simple discount rate of 11%. What should be the value of the loan so that the owner will have the use of $24000?
(Value in $)
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The Risk Modeling Evaluation Handbook Rethinking Financial Risk Management Methodologies In The Global Capital Markets
Authors: Greg Gregoriou, Christian Hoppe, Carsten Wehn
1st Edition
0071663703, 978-0071663700
