Question
You are considering two ways of financing a spring break vacation. You put in on your credit card at 14% APR, compounded monthly or borrow
You are considering two ways of financing a spring break vacation. You put in on your credit card at 14% APR, compounded monthly or borrow the money from your parents., who want an interest payment of 9% every six months. Which is the low rate?
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Mathematics Of Finance
Authors: Robert Brown, Steve Kopp, Petr Zima
8th Edition
0070876460, 978-0070876460
