Solution-What is the customers expect a return

What is the customers expect a return

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Question - A broker wants to sell a customer and investment costing $100 with an expected payoff in one year of $109.2. The customer indicates that a 9.2% return is not very attractive. The broker responds by suggesting the customer borrow $90 for one year at 7.2% interest to help pay for the investment. What is the customers expect a return if she borrows the money? Round your answer to one decimal place.

Reference no: EM133014988

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What is the customers expect a return

Reference no: EM133014988

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