If you borrow $100,000 at an annual rate of 8.00% for a 10-year period and repay the interest of $8,000 at the end of each year prior to maturity and the final payment of $108,000 at the end of 10 years, then you have just repaid what type of loan?
A) Amortized loan
B) Interest-only loan
C) Discount loan
D) Compound loan
Answer: B
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Which of the following are damages that give the plaintiff the benefit of its bargain, putting the plaintiff in the case position it would have been in if the contract had been fulfilled?
a. Expectation damages b. Reliance damages c. Restitution damages d. In kind damages
Which of the following does not describe Zappos database?
A. Zappos database was highly flexible. B. Zappos database was highly secure. C. Zappos database was high scalable. D. Zappos database was highly redundant.
Allen promises to pay Barb, his niece, $5,000 if she obtains her degree at City University, where she is in her third year. Barb graduates. Allen must pay Barb because
A. Barb was already at City. B. obtaining a degree benefits Barb. C. a job can be hard to find after college. D. Barb obtained a degree at City.
Alumni networks follow the principle that personal connections transcend corporate boundaries.
Answer the following statement true (T) or false (F)