Question
Kristin Simon needs to borrow $4,000. First State Bank will lend her the money for 12 months through a single-payment loan at 8%, discount; Home
Kristin Simon needs to borrow $4,000. First State Bank will lend her the money for 12 months through a single-payment loan at 8%, discount; Home Savings and Loan will make her a $4,000, single-payment, 12-month load at 10%, simple interest. Where should Kristin borrow the money? Explain.
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The Essential Credit Repair Handbook
Authors: Deborah McNaughton
1st Edition
160163160X, 978-1601631602
