Question
You are looking to get a loan for your new business, an elite athletics apparel store. Bank 1 offers you a loan with interest compounded
You are looking to get a loan for your new business, an elite athletics apparel store. Bank 1 offers you a loan with interest compounded monthly, and an APR of 5.1%. Bank 2 offers you the same loan amount and terms, but with an APY of 5.3%. Which loan would you prefer?
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Financial Analysts Indispensable Pocket Guide
Authors: Ram Ramesh
1st Edition
0071361561, 978-0071361569
