QUESTION 1 4 points Saved V Would you rather borrow $10,000 by issuing (a) a 90-day, 15 percent note or (b) a 90-day, discounted note discounted at 15 percent? Why or why not? Explain your answer based on what you have read about discounted notes. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I g Paragraph Arial 10pt ve Tx 4 a se E E X2 X2 FA , X 3 EX EI {i} 2 I would choose to borrow the $10,000. Becasue, if you did the 15 precent note it would be discounted by 15% and you wouldn't get the full ammount. You would would have to do $10,000/ 15% interest rate 90 days / 360 days = 5375. You would be cutting yourself short on money by only receiving $9625 instead of the full amoount of $10,000 and the intrest still coming out to be $375 either way you go about it. TTC + ABC P 84 WORDS POWERED BY TINY