Business

Alexus

9 May, 19:48

As a small business owner, you need to set up an office in your house. You estimate it will cost $6000 to buy furniture and supplies. Calculate the simple interest for one year if you used the following methods of credit to make these purchases: (a) retail credit card 24 percent, (b) universal credit card 17 percent, and (c) term loan 8 percent.

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