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August 30, 2014

August 30, 2014

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

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