Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 1) i offer to borrow money from you for 60 days at

1) I offer to borrow money from you for 60 days at the following interest...

90.2K

Verified Solution

Question

Finance

1) I offer to borrow money from you for 60 days at the following interest rate quotations:

A. a discount rate of 8.30%.

B. a simple interest money market rate of 8.37%.

C. a bond equivalent yield (simple interest 365 day) rate of 8.45%.

Which is the better deal from your point of view? Why?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The value of Kc for the reaction: N2O4(g) ↔ 2NO2 (g) is 0.21 at 373K. If a...

Chemistry
Q

You are considering a project that will pay you $710 in the first year, $2,000 in...

Finance
Q

According to his memoirs (Cook 1777, as cited by Kao, 1966), one of Cook’s sailors obtained...

Psychology
Q

a. Given triangle ABC and circle CA centered at A with radius AC and circle...

Geometry
Q

Liva s Lumber Inc manufactures three types of plywood The following table summarizes the production...

Statistics
Q

5 5 Insurance The idea of insurance is that we all face risks that are...

Statistics
Q

x3 2x 2 x ax b 4x4 3x 5x 2 if 1 x find values...

Calculus
Q

Calculate the derivative y sin 2x in sin 2x y 4 cos 2x In sin...

Calculus
Q

Figure 1 Rectangular garden fencing rdener has a large open space and wants to use...

Calculus
Q

Bal Corp. declared a $25,000 cash dividend on May 8, which was distributed on June...

Accounting
Q

Ayayai Corporation has one temporary difference at the end of 2020 that will reverse and...

Accounting
Q

It costs Marigold Corp. $12 of variable and $5 of fixed costs to produce one...

Accounting