When deciding to lend money or not lenders often consider the expertise of the company, its history of generating profit, and the years it has run a successful operation. The less experienced a company is the more a lender expects to get back. The more experienced and adept a company is the lender does not demand such a high interest. What is this principle called?
Mike: $ in February, $ in March, $ in April
Dustin: $ in February, $ in March, $ in April
Lucas: $ in February, $ in March, $ in April
Will: $ in February, $ in March, $ in April
Max: $ in February, $ in March, $ in April
If you were using the Payback Period Method of capital budgeting, which friend would you decide to loan the $ to
