Question: The loan in Exercise 11 was made to avoid a $ 100 price increase that will take place on June 20. The equipment is needed

The loan in Exercise 11 was made to avoid a $ 100 price increase that will take place on June 20. The equipment is needed now but the money to pay for the equipment will not be available until the middle of August. Is it advisable to borrow the money to get the equipment now?

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