Solution-Which statements concerning the interest is true

Which statements concerning the interest is true

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Reference no: EM132659617

Problem A: Which of the following statements concerning the interest is True?

1. From the point of view of an electric utility it's better to receive interest as income than to pay interest as an expense.

2. You borrow a sum of money for a fixed number of periods at an interest rate of i. If the interest rate is reduced to 0.8i then the amount that you pay at the end of each period will be 80% of the original payment.

a) 1

b) 2

c) 1 & 2

d) none

Reference no: EM132659617

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Which statements concerning the interest is true

Reference no: EM132659617

Reference no: EM132659617

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