Martin is offered an investment where for $6000 today, he will receive $6180 in one year. He decides to borrow $6000 from the bank to make this investment
What is the maximum interest rate the bank needs to offer on the loan if Martin is at least to break even on this investment?
A) 1%
B) 2%
C) 3%
D) 4%
Answer: C
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Los Amigos, a new Mexican restaurant, has set up shop across the street from Hot Tamales and More. Which of the following pricing strategies will Los Amigos likely use?
A) cost-plus B) competition-based C) break-even D) good-value E) target costing
In a passing off action, what is the plaintiff NOT required to prove?
A) their product has a reputation or goodwill attached to its name or mark B) the defendant's product has a similar name or mark C) the defendant's product would cause the public to be confused D) the plaintiff suffered actual economic losses E) the plaintiff must prove all of the above requirements to succeed