If a loan of $10,000 is paid back in equal annual end-of-year payments of $2,570.69 during the next five years, what is the annual interest rate on the loan?
A) 2%
B) 5%
C) 9%
D) 12%
Answer: C
Business
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When a criminal defendant is before a judge entering a plea of either guilty, not guilty or nolocontendere, that defendant is at:
A) an information. B) a grand jury proceeding. C) an arraignment. D) a booking.
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