Sackville Plastics started in 2002 by an immigrant engineer. He quickly exhausted his savings and bank credit,

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Sackville Plastics started in 2002 by an immigrant engineer. He quickly exhausted his savings and bank credit, so turned to a lender of last resort who was prepared to loan him $30,000 at 39% APR compounded weekly. SP paid off the loan as a single payment after 2 years. How much did SP repay?

Posted Date: May 14, 2024 02:03 AM

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Sackville Plastics started in 2002 by an immigrant engineer. He quickly exhausted his savings and bank credit,

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