You borrow $25,000 to be repaid in 12 monthly installments of $2,292.00. The annual interest rate is
closest to
A) 24 percent. B) 12 percent. C) 1.5 percent. D) 18 percent.
D
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Service of process:
a. must be made personally. b. can be done by the plaintiff. c. involves the service of a complaint and summons on the defendant. d. can be waived under federal rules. e. Both c and d
What type of transaction employs special committees made up of disinterested board members who review the transaction to determine if it is entirely fair to the corporation?
a. Hostile takeover b. Self-dealing c. Rational business purpose d. Corporate opportunity
Lexy obtains a check payable to her order from Maven. To negotiate this order instrument to Nicole requires
A. Lexy's indorsement and delivery. B. Maven's indorsement and delivery. C. Nicole's indorsement and delivery. D. delivery without anyone's indorsement.
You just graduated and you expect to work for ten years and then to leave for the Australian "Outback" bush country. You figure you can save $1,000 a year for the first five years and $2,000 a year for the next five years
These savings cash flows will start one year from now. In addition, your family has just given you a $5,000 graduation gift. If you put the gift now and your future savings when they start, into an account that pays 8% compounded annually, what will your financial "stake" be when you leave for Australia 10 years from now. (Round to the nearest whole dollar) A) $21,432 B) $28,393 C) $16,651 D) $31,148 E) $20,000