« previous next »

Author Question: Dorothy borrows 10,000 from the bank. For a four-year loan, the bank requires annual end-of-year ... (Read 47 times)

burchfield96

  • Hero Member
  • *****
  • Posts: 610
on: Jul 10, 2018
Dorothy borrows 10,000 from the bank. For a four-year loan, the bank requires annual end-of-year payments of 3,223.73. The annual interest rate on the loan is ________.
 
  A) 9 percent
  B) 10 percent
  C) 11 percent
  D) 12 percent

Question 2

One weakness of payback period approach is its failure to recognize cash flows that occur after the payback period.
 
  Indicate whether the statement is true or false


Missbam101

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 10, 2018
Answer to Question 1

C

Answer to Question 2

TRUE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

burchfield96

  • Hero Member
  • *****
  • Posts: 610
Reply #2 on: Jul 10, 2018
Thank you


Missbam101

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jul 10, 2018
No problemo


« previous next »
 

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Why Different Constellations Are Visible at Different Times of the Year Why Different Constellations Are Visible at Different Times of the Year
U.S. Life Expectancy by Year of Birth U.S. Life Expectancy by Year of Birth
Age-standardized disability-adjusted life year (DALY) rates from hepatitis B by country (per 100 000 ... Age-standardized disability-adjusted life year (DALY) rates from hepatitis B by country (per 100 000 ...
Mishu wants to invest an inheritance of $20,000 for one year. His credit union offers 8.85% for ... Mishu wants to invest an inheritance of $20,000 for one year. His credit union offers 8.85% for ...
A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ... A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ...
Video: How to find out if a population is evolving?

For a complete list of videos, visit our video library