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Two friends, Alan & Tim just graduated from the college. They plan to start their own business, of selling health foods for office workers. They have identified a commercial complex as their venue. The Franchise with establishment cost & working capital for the first six months of operation would require an investment of £ 400,000.
1)Identify the short term and long term sources of finance for each scenario.
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why borrow from a country with a high interest rate instead of a country with a low interest rate
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