Mike needs to borrow $7,500 for five years. The loan will be repaid in one lump sum at the end of the loan term. What interest rates is best for Mike? Explain why interest rate is best. are you in favor of interest rate or against interest rate. What is minimum or maximum limit of interest rate according to you.

Answer rating: 100% (QA)

There are a few factors to consider when deciding on the best interest rate for Mikes loan 1 Mikes f... View the full answer