SOLUTION: a friend of willie is a real estate developer and needs to borrow $75,000 to finish a development project. he is desperate for cash and offers willie 18% compounded monthly interes
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Question 583816: a friend of willie is a real estate developer and needs to borrow $75,000 to finish a development project. he is desperate for cash and offers willie 18% compounded monthly interest for 2 1/2 years. given that he can invest the money at a sure 5% with the bank,does this loan meet with willies goals for low risk investment.
can you think of any ways to reduce the risk.
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
And what, pray tell, are Willie's goals for low risk investment? Don't just answer me; repost the question with ALL of the required information.
John
My calculator said it, I believe it, that settles it
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