Saturday

February 28, 2015

February 28, 2015

Posted by **matt** on Thursday, May 26, 2011 at 4:52pm.

amount is:

A. $400.

B. $1,600.

C. $160.

D. $85.

10. Suppose a loan customer is considering two alternative $22,000 loans. Loan 1 requires payment of $1,100

of interest each year and Loan 2 has a 6 percent annual interest rate. Other things equal, the loan customer will:

A. be indifferent between the two loans because they both have the same annual percentage rate.

B. reject both loans because they each carry too high an interest rate.

C. choose Loan 1 because it has a lower annual interest rate than Loan 2.

D. choose Loan 2 because it has a lower annual interest rate than Loan 1.

- eco -
**Ms. Sue**, Thursday, May 26, 2011 at 4:56pm1.

0.05x = 80

x = 80/0.05

x = ?

10. Use the same procedure to find the answer for 10.

- eco -
**qwe**, Friday, January 13, 2012 at 5:37amqweewq

- eco -
**mike**, Tuesday, November 27, 2012 at 4:21pmA?

- eco -
**Anonymous**, Sunday, July 28, 2013 at 10:19pm85

- eco -
**Anonymous**, Sunday, December 14, 2014 at 3:09pma

- eco -
**Anonymous**, Saturday, January 31, 2015 at 4:10pmB

**Answer this Question**

**Related Questions**

Business finance - In a discount interest loan, you pay the interest payment up...

math - Using the formula, compute the true annual interest rate. Loan amount = $...

Finance - you have contacted a number of dearlerships to determine the best ...

Finance - you have contacted a number of dearlerships to determine the best ...

Finance - you have contacted a number of dearlerships to determine the best ...

Finance - you have contacted a number of dearlerships to determine the best ...

VBA Programming - I'm trying to create a macro that asks for a loan between 1 ...

Finance - Mrs. Smith borrowed $20,000 from Last National Bank. She will repay ...

financial management - suppose you purchase a home for $150,000.and obtain a 90...

n nb - The annual interest rate for a customer’s loan of $425 is 15.75%. What is...