Suppose You Could Borrow $1 Million for One Year at an Interest

question 109

Short Answer

Suppose you could borrow $1 million for one year at an interest rate of 15 percent.You were virtually certain of investing this $1 million for one year and making a profit of $230,000 (from which you would pay the interest you owe).
-Would the deal be acceptable if the interest rate were 26 percent?

---

Definitions:

Synced

Describes the process of ensuring information or data is the same across multiple devices or platforms, maintaining consistency.

Multiple Devices

The ability to use or synchronize an application or service across more than one device, such as smartphones, tablets, and computers.

Voting Options

Features within communication platforms or systems that allow participants to make choices or express preferences among a set of options, often used in decision-making processes.

RSS Feed

A digital syndication tool that provides updates on web content to both users and software in a consistent, readable format for computers.