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Author Question: Dorothy borrows 10,000 from the bank. For a four-year loan, the bank requires annual end-of-year ... (Read 103 times)

burchfield96

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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

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Reply #1 on: Jul 10, 2018
Answer to Question 1

C

Answer to Question 2

TRUE


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burchfield96

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Reply #2 on: Jul 10, 2018
Thank you


Missbam101

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Reply #3 on: Jul 10, 2018
No problemo


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