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a A bank has $800,000 to lend for 6 months. It can lend it to a local contractor at a simple interest rate of 12%, or it
Posted: Tue Nov 16, 2021 7:00 am
by answerhappygod
- A A Bank Has 800 000 To Lend For 6 Months It Can Lend It To A Local Contractor At A Simple Interest Rate Of 12 Or It 1 (47.13 KiB) Viewed 92 times
a A bank has $800,000 to lend for 6 months. It can lend it to a local contractor at a simple interest rate of 12%, or it can lend it to a small business that will pay 12% compounded monthly. If the bank wants to maximize its interest earned, who should receive the loan and what is the additional interest earned?