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Willy Café Inc. needs to borrow $100,000 for a period of one year

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Willy Café Inc. needs to borrow $100,000 for a period of one year

Willy Café Inc. needs to borrow $100,000 for a period of one year. There are three potential banks that agreed to lend the firm, The first is a one-year loan from Bank One, the interest charged is 8%

Willy Café Inc. needs to borrow $100,000 for a period of one year. There are three potential banks that agreed to lend the firm,

 

The first is a one-year loan from Bank One, the interest charged is 8% APR compounded daily, the second account, Max Saver account with Bank of Australia, charging 8.10% APR compounded monthly. The third offer is fromBank of Sydney, charging 8.25% APR compounded annually.

 

As the CFO of Willy Café Inc., which bank do you recommend to your firm

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[Solved] Willy Café Inc. needs to borrow $100,000 for a period of one year

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  • Submitted On 06 Sep, 2020 06:17:34
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Answer: loan =$100,000 ...
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Willy Café Inc. needs to borrow $100,000 for a period of one year

Answer: loan =$100,000 period n =1 year Bank one interest rate r=8% terms =compounded daily.... ...

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