× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
New Topic  
kaledai kaledai
wrote...
6 years ago
A customer has approached a local credit union for a 20,000 1-year loan at a 10 interest rate. If the credit union does not approve the loan application, the 20,000 will be invested in bonds that earn a 6 annual return. Without additional information, the credit union believes that there is a 5 chance that this customer will default on the loan, assuming that the loan is approved. If the customer defaults on the loan, the credit union will lose the 20,000.
  Should the credit union purchase the report if it costs 150?
Read 100 times
1 Reply
Replies
Answer verified by a subject expert
sky2walkersky2walker
wrote...
Top Poster
Posts: 957
Rep: 4 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

wrote...

6 years ago
This calls for a celebration Person Raising Both Hands in Celebration
wrote...

Yesterday
This site is awesome
wrote...

2 hours ago
Correct Slight Smile TY
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1632 People Browsing
Related Images
  
 674
  
 45
  
 2829
Your Opinion
Who will win the 2024 president election?
Votes: 119
Closes: November 4

Previous poll results: How often do you eat-out per week?