What is the annual interest rate on an $8,000 loan if the interest payments are $80 per quarter on the full amount?
A. 4%
B. 5%
C. 6%
D. 8%
Answer: A. 4%
Solution: $80 per quarter X 4 = $320 annual interest $320 / $8,000= .04 or 4% annual interest rate ID: 37017
You might also like to view...
When an agent's duties conflict with the principal's own interests, ________.
A. the agent must resign immediately B. the agent must disclose these facts to the principal C. the agent has breached the duty of loyalty D. if the agency is gratuitous, there is no duty of disclosure
Brad works with a reputed retailer and leads a team that collects market information from a wide variety of sources ranging from marketing research studies to monitoring online conversations where consumers discuss Brad's firm or its products
Brad's team uses this information to arrive at a better understanding of consumer behavior and their buying motives. This, in turn, allows Brad's firm to successfully generate more value for consumers. Brad leads the ________ team. A) product development B) strategy implementation C) human resource D) customer relationship management E) customer insights
Flip Gymnastics & Karate, Inc., grants a franchise to Gibby to operate a Flip gym. Flip may require Gibby to pay the franchisor a percentage of his
A. annual sales or volume of business. B. weekly payroll expense. C. monthly overhead savings. D. none of the choices.
A company that was to be liquidated had the following liabilities: Income Taxes$10,000 Notes Payable secured by land 100,000 Accounts Payable 44,000 Salaries Payable ($16,000 for Employee #1 and $4,000 for Employee #2) 20,000 Administrative expenses for liquidation 20,000 The company had the following assets: Book ValueFair ValueCurrent Assets$100,00095,000Land 50,00075,000Building 150,000200,000?Total liabilities with priority are calculated to be what amount?
A. $ 46,850. B. $ 30,000. C. $150,000. D. $ 50,000. E. $ 36,850.