Question: show work, please do not use financial calculator as basis for proof 12. (10) A company needs to borrow $200000 for 6 years. One source

show work, please do not use financial calculator as basis for

show work, please do not use financial calculator as basis for proof

12. (10) A company needs to borrow $200000 for 6 years. One source will lend the money at j2 = 10% if it is amortized by monthly payments. A second source will lend the money at 14 = 9% if only the interest is paid monthly and the principal is returned in a lump sum at the end of 6 years. The company can earn interest at 1365 = 6% on the sinking fund. Which source should be used for the loan and how much will be saved monthly? 12. (10) A company needs to borrow $200000 for 6 years. One source will lend the money at j2 = 10% if it is amortized by monthly payments. A second source will lend the money at 14 = 9% if only the interest is paid monthly and the principal is returned in a lump sum at the end of 6 years. The company can earn interest at 1365 = 6% on the sinking fund. Which source should be used for the loan and how much will be saved monthly

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