You borrow $30,000 and agree to pay it off with one lump sum payment of $40,000 in 6 years. What annual rate

of interest will you be charged?

What will be an ideal response?


4.91%

Business

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A media strategy is the process of:

A) investigating the media usage of a product's target market B) analyzing and choosing media for an advertising and promotions campaign C) selecting the outlets of each media that will be used for an advertising campaign D) choosing the proper appeal, message, strategy, and execution

Business

Which of the following statements is true of wire transfers?

A. The Federal Reserve operates a domestic wire transfer system that can be made through New York Clearinghouse Payments System (CHIPS). B. Electronic funds transfers between business and financial institutions are generally referred to as wholesale wire transfers. C. Article 4A of the UCC, which covers wire transfers, includes consumer payments that are covered by the Electronic Funds Transfer Act (EFTA). D. International wire transfer systems are known as "Fedwire."

Business

The vice president of marketing of a software development company periodically develops a(n) ________, which includes marketing research data on the target market, marketing objectives such as "to increase new customers by 20 percent," and a lis

who will be responsible for implementation. A) marketing plan B) marketing mix C) pricing strategy D) action plan E) strategic plan

Business

____ occurs when a supervisor or team leader listens to a live or recorded call in order to measure the quality of an analyst's performance during the call.

A. Observing B. Evaluation C. Role playing D. Monitoring

Business