You borrow $1,000 from a bank today. You pay the loan off in one year. Which of the following could be the amount you paid in a year from now?
a. $900
b. $950
c. $1,000
d. $1,050
d
You might also like to view...
Which of the following statements is most likely to be true about identifying your weaknesses?
A) Identifying your weaknesses helps you identify your sellable qualities. B) Being aware of your weaknesses has no benefits. C) Knowing your weaknesses helps you identify areas for improvement. D) Recognizing your weaknesses helps you in identifying an appropriate job location for you. E) Recognizing your weaknesses is counterproductive and wastes time.
What types of products are selectively distributed?
What will be an ideal response?
The Division of ________ supervises investigations and the initiation of injunctive actions
A) Market Regulation B) Corporation Finance C) Enforcement D) Investment Management
With a home equity loan, banks typically let you borrow up to 75-80% of the equity in your home
Indicate whether the statement is true or false.