Question
You have two businesses offering you a loan based on your $250 a month payment maximum. One says they will loan you $20,000 for 10
You have two businesses offering you a loan based on your $250 a month payment maximum. One says they will loan you $20,000 for 10 years and the other says they will loan you $25,000 for 15 years. Determine the two interest rates and the choose one or explain why the interest rate isnt even a factor in the decision. Please provide N, I, PV, PMT, and FV. What is the formula I would use for this question?
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
2nd Edition
0765625229, 9780765625229
