Advanced Placement (AP), 19.04.2021 06:10 silas99

Would you rather borrow $10,000 by issuing (a) a 90-day, 15 percent note or (b) a 90-day, discounted note discounted at 15 percent? Explain your answer and show your calculations.

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Would you rather borrow $10,000 by issuing (a) a 90-day, 15 percent note or (b) a 90-day, discounted...

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