You Just Borrowed $17,500 from the Bank to Use in Your

question 274

Multiple Choice

You just borrowed $17,500 from the bank to use in your business. The loan terms require you to pay the interest annually with the entire principal due in four years. The interest rate is 9.5%. How much will you pay to the bank in year four of the loan?

• A) $19,162.50
• B) $20,225.00
• C) $20,825.00
• D) $22,875.50
• E) $24,150.00

---

Definitions:

Progressive Hypocrisy

The criticism of individuals or groups who advocate for progressive principles but are perceived to act contrary to those beliefs in practice.

#OscarsSoWhite

This hashtag campaign highlighted the lack of diversity and representation in Academy Award nominations, sparking discussions about racial biases in Hollywood.

Prestige Pictures

Films that are produced with the intention of achieving critical acclaim, often characterized by high production values and serious, dramatic themes.

Franchise Expansions

The process of building upon existing media franchises by adding new movies, TV series, books, or games, often to develop the universe or continue the storyline.