You just took out a $12,000 loan for your small business. The loan has a four year term and repayment is in the form of four equal end-of-year payments. The interest rate on the loan is 11.5%
What is your total interest expense in the first year of the loan?
A) $1,380.00
B) $1,089.13
C) $764.81
D) $403.20
E) $2,529.29
A
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If the mortgage-tilt problem does not exist in an economy, it implies that the _____ rate in the economy is zero percent.
A. inflation B. unemployment C. interest D. average tax
The ritual of gift giving in international business is important because it creates
A. an obligation to give a gift in return, thus involving you in an ongoing business expense. B. a public display of aesthetic taste and commitment, along with a reading of the recipient's taste and commitment. C. a dangerous situation because it comes close to violating company policy, and the gift giver is watching closely. D. a social bond that requires you to be a giver, a receiver, and a holder of an obligation to the other person.
Halle plans to pay her workers the lowest hourly rate of pay generally allowed under the Fair Labor Standards Act. In other words, Halle will pay her workers ______.
A. skill-based pay B. overtime wages C. at-market wages D. minimum wage
What are predictions based on time-series information?
A. Forecasting B. Prediction C. Optimization D. Regression