How much did know about interest and borrowing money

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You own a farm and grow seasonal products such as pumpkins, squash, and pears. Most of your business revenues are earned during the months of October to December. The rest of your year supports the growing process, where revenues are minimal, and expenses are high. In order to cover the expenses from January to September, you consider borrowing a short-term note from a bank for $300,000. Based on this scenario, please complete the following:

Problem 1: How much did you know about interest and borrowing money before starting Unit 6?

Problem 2: What have you learned about interest and borrowing money in this unit that may help you?

Problem 3: Is there anything that you would like to improve upon in this course? Please explain.

Reference no: EM132746249

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