Suppose you borrowed $14,000 at a rate of 10.0% and must repay it in 5 equal installments at the end of each of the next 5 years. How much interest would you have to pay in the first year?
A. $1,200.33
B. $1,263.50
C. $1,330.00
D. $1,400.00
E. $1,470.00
Answer: D
You might also like to view...
Approximately ______ people, while predominantly female, are diagnosed with anorexia nervosa.
Fill in the blank(s) with the appropriate word(s).
The American Community Survey is designed to help update Decennial Census data by collecting information on a small percentage of the population in all counties, American Indian areas, Alaska Native areas, and Hawaiian homelands on a rotating basis
using a sample. Indicate whether the statement is true or false
What type of justice is MOST important in the hiring process?
A. procedural B. distributive C. interactional D. none of these
Which of the following statements is FALSE about generational differences?
a. Some studies show older workers are more comfortable working in teams. b. There is a general increase in preferring to work independently rather than in teams. c. Leaders should treat members based on their generational category. d. Research shows generational differences exist among workers today.