If your tvom is 15 percent and your friendrsquos is 20, Ask an Expert

Economics

If your TVOM is 15 percent and your friend’s is 20 percent, can the two of you work out mutually satisfactory terms for a 1-year $3,000 loan? Assume the lender has the money available and neither person wants to go outside their acceptable TVOM range. Be explicit about who is lending and what is the acceptable range of money paid back on the loan.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91707238

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