1. If an item is 30% off, you could calculate the 30% and then subtract that from the original price to find the sale price. Another way to do this is to find 70% of the item. You arrive at the same answer. Why?
2. A firm must choose between borrowing $5000 at 10% for 30 days and borrowing $10,000 at 8% for 60 days. Give arguments in favor of and against each option.
Please answer as two different posts. For your third post, reply to another student. Make sure the reply contains original thought and/or a follow up question. The purpose of the reply is to keep the discussion going.