« previous next »

Author Question: Dorothy borrows 10,000 from the bank. For a four-year loan, the bank requires annual end-of-year ... (Read 127 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?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe
Each year, the leaders of the world’s eight most powerful nations meet in a secluded place to make ... Each year, the leaders of the world’s eight most powerful nations meet in a secluded place to make ...
Sample budget spreadsheet form for first year of business. Sample budget spreadsheet form for first year of business.
Kahan (Last Year) Kahan (Last Year)
Chinese Dragon new year 2024 Chinese Dragon new year 2024
Walking into new year kids drawing Walking into new year kids drawing
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library