your friend has two investment opportunities that she is considering and has asked for your...
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Accounting
your friend has two investment opportunities that she is considering and has asked for your advice in how she should proceed, One will have a 9.0% rate of return on a $530.00 investment. The other will have an 11% rate of return on a $760.00 investment. She would like to take advantage of the higher-yielding investment but only has $530.00. What is the maximum rate of interest that your friend should be willing to pay to borrow the $ 230.00 needed to take advantage of the higher-yielding
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