Posted: November 7th, 2022
Why or why not?
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You are the CEO of a manufacturing company and you need to finance new advanced equipment that will cost $100,000. You have the option of a $100,000 standard loan or a discounted loan, both at a 4% annual rate with a one-year maturity date.
In a one- to three-page paper, explain the difference between a standard loan and a discounted loan. What would the effective rate be for the discount loan? Identify which loan you would choose and the reasons why. Would your decision change if the equipment only cost $95,000? Why or why not?
Your paper should be in the current APA style and include a title page and reference list for all sources used. You should use a minimum of three scholarly sources (your textbook can be one of the sources).
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