You just received a loan from your banker to buy seed and plant your alfalfa field. The loan is a discount loan and is for $5,000 for 1 year and the quoted rate was 10%. What is your APR?
A) 10.00%
B) 11.11%
C) 12.23%
D) 14.33%
E) None of the above
Answer: B
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a. True b. False Indicate whether the statement is true or false
Which of the following statements about a manager's worklife is not among the findings of management scholar Henry Mintzberg?
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A. social context B. low-context C. euphemism context D. high-context
A building was purchased for $230,000 . It currently has accumulated depreciation of $40,000 and had a residual value of $50,000 . Assuming the use of straight-line depreciation, its estimated useful life must have been
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