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Arnold wishes to open a small business and has the opportunity to borrow $30,000 from his brother, Fred, at an interest rate of 2%.Though the
Arnold wishes to open a small business and has the opportunity to borrow $30,000 from his brother, Fred, at an interest rate of 2%.Though the money is available to him now, Arnold is not logistically ready to open the business for another year. What would be the advantage for Arnold to take the money now?Explain
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
