You have just obtained a personal loan for a new home movie system under the simple interest method. You have borrowed $12,000 for 9 months at an annual rate of 10%. Your marginal tax rate is 28%
What are the total interest charges you would pay if the loan is paid off on time?
A) $1,200
B) $1,080
C) $900
D) $648
E) None of the above
Answer: C
Business
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How much interest can be accumulated during one year on a $1,000 deposit paying continuously compounded interest at an APR of 10%?
A) $100.00 B) $115.70 C) $110.50 D) $105.17
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According to the 2011 Customer Engagement Report created by Razorfish, traditional word-of-mouth is one of the most important customer engagement channels
Indicate whether the statement is true or false
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