Question
This question illustrates what is known as discount interest . Imagine you are discussing a loan with a somewhat unscrupulous lender. You want to borrow
| This question illustrates what is known as discount interest. Imagine you are discussing a loan with a somewhat unscrupulous lender. You want to borrow $29,000 for one year. The interest rate is 13.4 percent. You and the lender agree that the interest on the loan will be .134 |
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Inside Private Equity
Authors: James M. Kocis, James C. Bachman IV, Austin M. Long III, Craig J. Nickels
1st Edition
0470421894, 978-0470421895
