Question
Martin is offered an investment where for $ 4 comma 500 $4,500 today, he will receive $ 4 comma 860 $4,860 in one year. He
Martin is offered an investment where for $ 4 comma 500
$4,500 today, he will receive $ 4 comma 860
$4,860 in one year. He decides to borrow $ 4 comma 500
$4,500 from the bank to make this investment. What is the maximum interest rate the bank needs to offer on the loan if Martin is at least to break even on thisinvestment?
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The Changing Geography Of Banking And Finance
Authors: Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro
1st Edition
1441947205, 978-1441947208
