Question
Speedy Loans will loan $5,000 for a $5,300 payback in three years. Handy Loans will loan $5,000 at 1.95% for three years. Which loan would
Speedy Loans will loan $5,000 for a $5,300 payback in three years. Handy Loans will loan $5,000 at 1.95% for three years. Which loan would be a potential borrower find least costly?
| Speedy Loans as the interest rate is 1.93% | ||
| Handy Loans as the interest rate is 1.95%. | ||
| Speedy Loans as the interest rate is 1.96% | ||
| Pick either one as the interest rates are the same. | ||
| none of the above |
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Real Estate Finance
Authors: Walt Huber, Levin P. Messick
5th Edition
0916772438, 9780916772437
