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cestrela7 [59]
3 years ago
3

Which loan should Eric choose? Why? Explain your reasoning in a complete paragraph, using at least three supporting details. (10

points)
Business
1 answer:
Ilia_Sergeevich [38]3 years ago
4 0

The loan that should be chosen is the one that will yield the lowest return.

This is an incomplete question, therefore, an overview of a loan will be given. A loan simply means the lending of money to people or an organization. It should be noted that the recipient of a loan incurs a debt.

When comparing the different types of loans, it's important to choose the shortest loan term that is available. This is because one will pay a lower overall level of interest. It's also important to consider the annual yield return.

Read related link on:

brainly.com/question/25240866

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Answer:

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d<u>ebt issued by firms and governments,</u>

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