Question
Kristina Kozyarevskaya wants to buy a $25,000 sound recording and editing system.Long & McQuade offers her a loan at 6% p.a. compounded and payable monthly
Kristina Kozyarevskaya wants to buy a $25,000 sound recording and editing system.Long & McQuade offers her a loan at 6% p.a. compounded and payable monthly for three years.
a)What is the monthly payment?
b)McSqueezem Finance Inc. will make it easier with a weekly payment of only $180 for three years, which is less than one-quarter of what Long and McQuade require, and she will retire the loan four days earlier.Should she take the McSqueezem offer instead?
Need answer and details. Rush please ~
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The Legal Environment Today Summarized Case Edition
Authors: Roger LeRoy Miller
8th Edition
130526276X, 978-1305279407, 1305279409, 978-1305704930, 1305704932, 978-1305262768
