What would be the interest rate on a loan of $39,927.10 that you paid off with annual payments of $10,000 for each of the next five years?

A) 8%
B) 10%
C) 15%
D) 21%
E) 26%

Answer: A

Business

You might also like to view...

Trade audits may provide managers insight regarding which of the following?

A) manufacturing cost estimates B) company employee opinions C) competitors' offerings and pricing D) market fluctuation tendencies

Business

It is necessary to post adjusting entries

Indicate whether the statement is true or false

Business