A construction company takes a loan of $1,531,000 to cover the cost of a new grader. If the interest rate is 6.75% APR, and payments are made monthly for five years, what percentage of the outstanding principal does the company pay in interest each month?
A) 0.56%
B) 5.63%
C) 0.51%
D) 0.61%
E) 0.66%
Answer: A
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____ is often overused in organizations
A) Text messaging B) Email C) Face-to-face conversation D) Cell phones E) Instant messaging
Which of the following would most likely be a defect under 402A of the Restatement of Torts?
a. A chair produced without inserting the appropriate screws. b. A product with a defective design that is nevertheless the "state of the art." c. Vodka that is 100 proof and makes people drunk and causes liver damage after years of heavy use. d. All of these are defects under 402A.
Winslow Company sold investment land to an unrelated purchaser. The purchaser paid $250,000 cash, assumed Winslow's $600,000 mortgage on the land, and gave Winslow its $580,000 ten-year, interest-bearing note. Compute Winslow's amount realized on sale.
A. $850,000 B. $830,000 C. $250,000 D. $1,430,000
Using the information in Table J.10 and the earliest due date EDD) rule, what is the average flow time?
A) fewer than or equal to 20 days B) greater than 20 days but fewer than or equal to 22 days C) greater than 22 days but fewer than or equal to 24 days D) greater than 24 days