Mathematics, 06.07.2021 22:30 kayla942783
You have two investment opportunities. One will have an 7.5% rate of return on an investment of $540; the other will have a 9.5% rate of return on principal of $710. You would like to take advantage of the higher-yielding investment but have only $540 available.
Required:
What is the maximum rate of interest that you would pay to borrow the $250 needed to take advantage of the higher yield?
Answers: 3
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You have two investment opportunities. One will have an 7.5% rate of return on an investment of $540...
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