In a minimum of three sentences, explain the difference between borrowing a 90-day 15% note or...

 

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In a minimum of three sentences, explain the difference between borrowing a 90-day 15% note or incurring a 90-day, discounted, 15% note? Which would you prefer and why? In a minimum of three sentences, explain the difference between borrowing a 90-day 15% note or incurring a 90-day, discounted, 15% note? Which would you prefer and why?

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solution Is 10000 lets Assume that the principal Amount Interest for Borrowing a 90 days 151 Nole P... View the full answer