Janet and mercy wants to borrow $50,000 for 120 days to finance their business
security bank c...
Mathematics, 05.11.2019 13:31 yclark98563p5z2gt
Janet and mercy wants to borrow $50,000 for 120 days to finance their business
security bank charges 11% exact interest while state savings and loan charges
12.5% ordinary interest.
calculate the maturity value at each bank,
which is the best bank for them to borrow the money?
Answers: 1
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