You are considering a home loan with monthly payments at an annual percentage yield of 5.116%. What is the quoted rate of interest on the loan?

A) 4.5%
B) 4.75%
C) 5%
D) 6%

Answer: C

Business

You might also like to view...

Identifying the key functions of management is Henri Fayol’s greatest contribution to:

A. optimizing worker efficiency. B. the concept of paying a fair wage for a fair day's work. B. management practice. C. optimizing workflow.

Business

A preferential trade agreement is a mechanism that confirms special treatment on select trading partners, thereby at times discriminating against other trading partners

Indicate whether the statement is true or false

Business