Suppose that you are a borrower with a project that has a ra

Homework Assistance Economics Suppose that you are a borrower with a project that has a ra

Economics

Suppose that you are a borrower with a project that has a ra

Suppose that you are a borrower with a project that has a rate of return of 6.8%. You submit a bid… Show more Suppose that you are a borrower with a project that has a rate of return of 6.8%. You submit a bid to borrow $1,000 at an interest rate of 5%, and a lender accepts your offer. After you fund your project and pay back your loan, what is your gain or loss? A. $68 gain B. $1,000 gain C. $18 gain D. $50 loss E. $1,000 loss • Show less

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