Hansen purchased a $1,500 promissory note secured by a second trust deed at a 20% discount. The note was repaid in 12 monthly installments of $131 each including interest at 9% per annum. The return on the original investment is most nearly:
A: 24%;
B: 29%;
C: 31%;
D: 36%.
Answer: C: 31%;
Business
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A stock paying $5 in annual dividends sells now for $80 and has an expected return of 14 percent. What might investors expect to pay for the stock one year from now?
A) $87.20 B) $86.20 C) $82.20 D) $91.20
Business
Vendors dropping a product or going out of business is a disadvantage to purchasing an EC system
Indicate whether the statement is true or false
Business