Today you borrowed $10,000. The lender has given you the following repayment options: Which would you choose?

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Today you borrowed $10,000. The lender has given you the following repayment options: Which would you choose? Show your work to support your answer.

a ) $12,300 to be repaid 5 years from today.

b ) $12,500 to be repaid 5.5 years from today.

c ) $12,750 to be repaid 6 years from today

Related Book For answer-question

Engineering Economy

ISBN: 978-0132554909

15th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

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Posted Date: Feb 09, 2024 01:45 AM

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Today you borrowed $10,000. The lender has given you the following repayment options: Which would you choose?

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The detailed answer for the above question is provided below Principal P 10000 Time to repayment t O... View the full answer

Engineering Economy

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