Spoiled baby corp sells kid buggies and has decided to

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Reference no: EM13370817

Spoiled Baby Corp sells kid buggies and has decided to expand its operations. It requires borrowing $500,000 for 18 months and has sent you to talk with the bank.

The bank is more than willing to lend the money to company and is providing the company a discounted note at 6 percent. Mr. Moneybags, the banker, has shows that this is quite a deal and non-discounted notes are presently being charged 6.2% APR

As the company accountant you must give the necessary information to support your recommendation to Board of Directors.

Reference no: EM13370817

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