Suppose You Could Borrow $500,000 for One Year at an Interest

question 7

Short Answer

Suppose you could borrow $500,000 for one year at an interest rate of 10 percent.You were virtually certain of investing this $500,000 for one year and making a profit of $75,000 (from which you would pay the interest you owe).
-Would the deal be acceptable if the interest rate were 5 percent?

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Definitions:

Defendant

Someone or some organization, encompassing individuals, companies, or institutions, that is being prosecuted or sued within a legal court framework.

Answer

The response of the defendant to the plaintiff’s complaint.

Admission of Fact

The acknowledgment and acceptance of a fact as true, often in the context of legal proceedings.

U.S. District Courts

Federal courts that serve as the trial-level courts in the United States federal court system, handling both civil and criminal cases.