Asked by Andrés Tomas on Jun 21, 2024

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It would pay to borrow money for investment purposes only if the _________ exceeded the interest rate.

Borrowing Money

The act of receiving funds from a lender under the agreement to repay the principal amount along with interest or fees over a defined period.

Interest Rate

The percentage of a sum of money charged for its use, often noted annually, on loans or earned on deposits.

  • Grasp the criterion for borrowing money for investment purposes.
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Claire BradburyJun 26, 2024
Final Answer :
expected profit rate