If we borrowed $10,000 on a line of credit September 1, and the bank charges 12 percent per annum, compounded daily, the daily interest due on the line of credit is approximately
a. $3.28
b. $4.21
c. $2.22
d. $5.23
Answer: a. $3.28
Business
You might also like to view...
Most divorce fraud cases are:
a. Civil cases. b. Criminal cases. c. Protected by Chapter 7. d. Rarely investigated through surveillance.
Business
Cost savings is considered a key driver for outsourcing by most companies
Indicate whether the statement is true or false a. True b. False
Business
________ appraisals involve judgments about employee performance.
A. Trait B. Administrative C. Behavioral D. Results E. Developmental
Business
Which of the following can be used without coordinating with managers of succeeding activities?
A. Critical float B. Free slack C. Total slack D. Slip pad E. Float pad
Business