As a start-up business, Phil is needs funding to start the business. A "friend" agreed to lend him $10,000 for one year if he agree to repay $1,000 interest plus return the $10,000 investment. A second "friend," has only $5,000 to lend, but wants total funds of $5,400 in repayment at the end of one year. HINT: Identify the best source for funding part of Pedal Pushers working capital needs and defend your answer. Calculate the annual interest rate 6. Which loan would you choose and explain why? Show the math to support your answer. ( points) I will choose the $10,000 because it's large amount and I will have the ability to invest more money more