Nico makes annual end-of-year payments of $5,043.71 on a four-year loan with an interest rate of 13 percent. The original principal amount was ________

A) $24,450
B) $15,000
C) $3,100
D) $20,175


B

Business

You might also like to view...

Caterpillar uses target-return pricing to set prices on its construction equipment, and justifies a higher price by showing lower lifetime operating costs

Indicate whether the statement is true or false

Business

Given that z is a standard normal random variable, what is the value of z if the area to the right of z is 0.1801?  

A. 0.91 B. -0.91 C. 0.09 D. -0.09

Business

The Sherman Act, the Clayton Act and the Federal Trade Commission Act are all examples of legislation designed to curb anticompetitive business practices

a. True b. False Indicate whether the statement is true or false

Business

When two parties in an IPsec connection communicate back and forth, there are ________ security associations

A) 1 B) 2 C) 3 D) 4

Business