3. Lesly Pacas borrows 300,000 pesos for 90 days at 12% per year to remodel her hair salon. She lives in Guadalajara, Mexico, where the rate would have been 35%, a decade ago. Find the difference in the interest charges based on the different rates.

3. Lesly Pacas borrows 300,000 pesos for 90 days at 12% per year to remodel her hair salon. She lives in Guadalajara, Mexico, where the rate would have been 35%, a decade ago. Find the difference in the interest charges based on the different rates.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter17: Financial Markets

Section: Chapter Questions

Problem 6SCQ: What is the total amount of interest from a 5,000 loan after three years with a simple interest rate...

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Please do it on an excel sheet so i can see how to do it

3. Lesly Pacas borrows 300,000 pesos for 90 days at 12% per year to remodel her hair salon. She lives in
Guadalajara, Mexico, where the rate would have been 35%, a decade ago. Find the difference in the interest
charges based on the different rates.
thim funde hacod on a

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