Business, 31.03.2020 22:29, PKTHUNDER5011

RUSS Inc. needs cash to purchase more rental property, and borrows $268,000 cash on a 3-year, $300,000, 4%, semi-annual note from a family friend. From a recent inquiry into a similar loan from a local bank, RUSS knows that its market rate is 8%. Which of these interest rates should the lender use to calculate the amount of interest it will receive in cash:

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RUSS Inc. needs cash to purchase more rental property, and borrows $268,000 cash on a 3-year, $300,0...