Blastdale Corp. is considering borrowing $15,000 for a 60-day period. The firm will repay the
$15,000 principal amount plus $200 in interest. What is the effective annual rate of interest? Use a
360-day year.
A) 8.2% B) 8.0% C) 10.5% D) 7.2%
B
Business
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Which of the following would be an example of the consumer goods classification of collateral?
A. A computer purchased for a teenager as a graduation gift B. A computer purchased for an administrative assistant at a law firm C. A computer in a warehouse at Dell computer that is to be shipped to Best Buy for sale to consumers D. A computer at a university used only by students
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The international standard by which letters of credit (L/Cs) are interpreted is known as the ________ 500
A) UCP B) NTR C) FSC D) NTB E) HTS
Business