3. I received a proposal for a loan of $80,000, which I would have to repay in twenty-four fixed, monthly, due payments of $4,229.69. My minimum acceptable rate of return (m) is 3.5% per month.
Using the criterion of the rate of return supported by an external rate, what recommendation would be given?
3. I received a proposal for a loan of $80,000, which I would have to repay in twenty-four fixed, monthly, due payments
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
3. I received a proposal for a loan of $80,000, which I would have to repay in twenty-four fixed, monthly, due payments
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!