# Short-term financing versus longer term borrowing?

Answers:1 | LastUpdateAt:2012-09-23 16:14:02

**Q**uestion- reann
- Asked at 2012-09-13 15:15:04

in the calculation of interest to : a) $ 150,000 for 3 years @ 10 % in April vs b ) $ 150,000 for 1 year @ 8% APR : MedlinePlus
MedlinePlus
What is the total interest paid by A? MedlinePlus
MedlinePlus
how much they would save in interest over three years if Plan B was used and turned each year at the same rate of 8% ? (compared to Plan A) MedlinePlus
MedlinePlus
What if interest rates on the loan at 8 % up to 13 % in 2nd year and 18 % in the 3rd year?

Answer1DemoraAnswered at 2012-09-23 16:14:02

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Question:**Short-term financing versus longer term borrowing?**