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gives him 3 repayment options… Show more A desperate man g

Paper help Economics gives him 3 repayment options… Show more A desperate man g

Economics

gives him 3 repayment options… Show more A desperate man g

gives him 3 repayment options… Show more A desperate man goes to a loan shark for $10,000. “Mac the Knife†gives him 3 repayment options, each at 50 % annual interest over three years: A) At the end of each year repay 1/3 of the principle plus the interest due. B) At the end of the first 2 years repay the interest. At the end of the third year repay the remaining principle and interest. C) Skip the repayments and enjoy a “fish-eye†view of the harbor with a brand new pair of custom fitted concrete shoes. Show these alternatives in a cash flow table and as a cash flow diagram. • Show less

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