Question
You need a 1 year inventory loan for your business. Zim Loans has a 1 year loan for 4% compounded annually. Inventory Loans has a
You need a 1 year inventory loan for your business. Zim Loans has a 1 year loan for 4% compounded annually. Inventory Loans has a 1 year loan for 3.93% compounded monthly. Which loan would you select to finance your inventory?
| Zim Loans or Inventory Loans: The effective rate for both loans is the same. | ||
| Zim Loans or Inventory Loans: The stated rate is similar for both loans, | ||
| Zim Loans: the effective rate is better than Inventory Loans' effective rate. | ||
| Inventory Loans: Its effective rate is better than Zim Loans' effective rate. |
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The Complete FinOps Handbook Essential Tools And Techniques For Financial Operations
Authors: Peter Bates
1st Edition
1922435546, 978-1922435545
