A bank is negotiating a loan. The loan can either be paid off as a lump sum of $80,000 at the end of four years, or as equal annual payments at the end of each of the next four years. If the interest rate on the loan is 6%,
what annual payments should be made so that both forms of payment are equivalent?
A) $14,630
B) $18,287
C) $25,602
D) $29,259
Answer: B
Business
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Factoring occurs when an independent company coordinates an export order in the seller's country and makes payment for the goods in the currency of that country
Indicate whether the statement is true or false
Business
Which of the following statements about the wholesale and agency models for selling books is not true?
A) In the wholesale model, the retailer decides at what price to sell a book to the consumer. B) Amazon surprised traditional publishers by selling e-books for below their wholesale cost. C) Amazon supports the agency model. D) A result of the agency model was that Amazon's prices on e-books rose.
Business