Bank A has offered you a loan worth $20,000 at 1.5% for 180 days whereas bank B

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Bank A has offered you a loan worth $20,000 at 1.5% for 180 days whereas bank B offered you the same loan but as a discounted loan.

Which offer would you take and why, explain?

Related Book For answer-question

Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

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Posted Date: Mar 10, 2023 02:27 AM

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Bank A has offered you a loan worth $20,000 at 1.5% for 180 days whereas bank B

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Advanced Accounting

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