rroblem $1$

Your business needs a $$30,000$ loan, Your banker offers multiple loan options listed below $($each one is independent from of the loan can greatly affect the true cost of bost payment $(10\%)$ is extremely generous, however you know that the terms loan should you take and why?

a$.$ The loan must be paid off in $9$ months. $(5$ points$)$

APR$=\frac{3,000}{30,000}\frac{360}{270}=13\mathrm{.}33\%$

b$.$ Loan must be paid in one year, but the bank requires a $30\%$ compensating balance. $(15$ points$)$

$\frac{3,000}{30,000-9,000}\frac{360}{360}=14\mathrm{.}29\%$

c$.$ One$-$year discounted interest loan$(15)$ points$)$

$\frac{3,000}{30,000-3,000}\frac{360}{360}=11\mathrm{.}11\%$

$\frac{2400}{30,000-9000}\frac{360}{360}=11\mathrm{.}431$

Evaluate which loan you should take and explain your reasoning. $(15$ Points$)$

I should take oue$-$year discown ted loou because of its integest ralue.

very gool!