Which of the following personal loans has the highest


Which of the following personal loans has the highest before-tax cost of debt?

a. borrow $1,000 and pay $1,079 in one year

b. borrow $10,000 and pay $11,236 in two years

c. borrow $5,000 and pay $6,078 in four years

d. borrow $1,000 and pay $156.51 at the end of each year for 10 years.

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Financial Management: Which of the following personal loans has the highest
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