Question: Please help Your tuition for the coming year is due today. You have a choice to borrow $10,500 from your uncle and repay in four

Please help
Please help Your tuition for the coming year is due today. You

Your tuition for the coming year is due today. You have a choice to borrow $10,500 from your uncle and repay in four years an amount of $15,000 or to borrow the same amount from your bank at an interest rate of 8%. Should you borrow from your bank or your uncle? Round to the nearest percent. none of these borrow from my Uncle because the interest rate charged by my uncle is 7%. borrow from my Uncle because the interest rate charged by my uncle is 6% borrow from the bank because the interest rate charged by my uncle is 9% borrow from the bank because the interest rate charned by my uncle is 8.5%

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