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f I can buy a car today for $ 6 0 0 0 and it is worth $ 1 1 comma 5 0 0 in
f I can buy a car today for $ and it is worth $ comma in extra income to me next year because it enables me to get a job as travelling salesperson, should I take out a loan from Larry the Loan Shark at an interest rate if no one else will give me a loan? Will I be better or worse off as a result of taking out this loan?
Part
I
should not
should
should not
take out the loan from Larry the Loan Shark. As a result of taking out the loan, I will be
worse
worse
better
off by
$ comma
$ comma
$ comma
$ comma comma
assuming that without the loan I would buy the car after next year for the same price without a loan.
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