Business, 14.10.2021 01:00 indiareed0orv5ul

Loni owns a software company and has a great idea for a new app. In order to build the app, she will need to hire a computer expert for one year at a salary of $87,000. (Assume this is the only expense required to create this app.) However, she expects to make $99,000 by selling the app. Since Loni does not have any extra cash on hand, she goes to the bank, where they offer to lend her $87,000 with an annual interest rate of 15%. Assuming Loni considers only the expenses and revenues described above, should she take the loan and build the app?

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Loni owns a software company and has a great idea for a new app. In order to build the app, she will...

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