Business, 20.04.2021 21:50 snikergrace
Colleen and Bill just purchased a house for $650,000, with the seller holding a second mortgage of $100,000. They promise to pay the seller the $100,000 plus all accrued interest 5 years from now. The seller offers them three options: a) Simple interest at 6% per annum b) 5.5% interest compounded monthly c) 5.25% interest compounded continuously Which is the best option
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Colleen and Bill just purchased a house for $650,000, with the seller holding a second mortgage of $...
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