Interest You work for a jewellers and have sourced a good goldsmith who is able to sell you 100 ounces of gold for £100,000. You approach your two main customers. Mr Noel says he will buy the gold from you in 6 months for £104,000, whereas Ms Biggs tells you that she will be able to buy the gold from you in 2 years’ time for £116,000. What is the annual percentage rate that Mr Noel and Ms Biggs are offering you? Which option should you go for?