If a person is going to borrow $360,000 for a home and pay it off in monthly payments of $4,552.00 for 30 years, the internal rate of return is
A. 15%.
B. 0%.
C. 5%.
D. 10%.
Answer: A
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If the price elasticity of demand for razors is 0.32, the demand for razors is
A) elastic. B) unit elastic. C) inelastic. D) perfectly inelastic. E) perfectly elastic.
What is the function of the World Bank?
What will be an ideal response?
Consider Figure 12.3. If Becky's payoff in the second rectangle from the top were 80 instead of 60, the outcome of the game would be that:
A. both choose a high price. B. both choose a low price. C. Becky chooses a high price and David chooses a low price. D. David chooses a high price and Becky chooses a low price.
Absolute advantage is
A. producing at a lower opportunity cost. B. producing a good only when demand is high. C. producing a good using the fewest inputs. D. producing a good that requires imported components.