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Calculate the CAT (total annual cost) for option 1 and then find which option is better to ask for a loan and explain why is
Calculate the CAT (total annual cost) for option 1 and then find which option is better to ask for a loan and explain why is it better.
| 1. Personal Loan | |||||||||
| MNL Bank | |||||||||
| 2.25% | simple monthly interest rate | ||||||||
| 2. Savings Bank | |
| CAT= | 30% |
| 3. XYZ Bank | |
| CAT= | 28.30% |
| 4. 123 Bank | |
| CAT= | 26.64% |
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Business Analysis And Valuation Using Financial Statements Text And Cases
Authors: Krishna G. Palepu, Paul M. Healy, Victor Lewis Bernard, W.Gordon Filby
2nd Edition
0324015658, 9780324015652
