A firm arranges a discount loan at a 12 percent interest rate, and borrows $100,000 for one year. The stated interest rate is ________ and the effective interest rate is ________
A) 12.00%; 12.00%
B) 13.64%; 12.00%
C) 12.00%; 13.64%
D) 12.00%; 10.71%
C
Business
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Which employee typically reports directly to a board of directors?
A. chief legal officer B. government liaison/lobbying director C. chief executive officer D. chief privacy officer
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In Washington, a person licensed to act on behalf of real estate brokerage is called a/an:
A. independent licensee B. affiliated licensee C. associated licensee D. designated licensee
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