Question
Your company can obtain a business line of credit from a bank at 7.5% compounded semiannually, or from the Small Business Development Bank at 7.45%
Your company can obtain a business line of credit from a bank at 7.5% compounded semiannually, or from the Small Business Development Bank at 7.45% compounded monthly. If your company requires $100,000 for two years, how much money can you save in interest by choosing the best option?
Multiple Choice
- $148.81
- $184.81
- $128.81
- $152.81
- $146.81
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18481 The best option would be to obtain the business line of cre...
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
