a. josh borrowed $50,000 from first state bank using his business assets as collateral. he used the money to buy city of blanksville bonds. over the course of a year, josh paid interest of $4,200 on the borrowed funds, but he received $3,500 of interest on the bonds

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07-10-2022
Business

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a. josh borrowed $50,000 from first state bank using his business assets as collateral. he used the money to buy city of blanksville bonds. over the course of a year, josh paid interest of $4,200 on the borrowed funds, but he received $3,500 of interest on the bonds

Sagot :

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