On January 1, Yumati Electric Borrows $200,000 at an Interest

question 34

Multiple Choice

On January 1, Yumati Electric borrows $200,000 at an interest rate of 6% today and will repay this amount by making 18 semiannual payments beginning May 31. What is the approximate amount of each payments that Yumati will need to make? (Use spreadsheet software or a financial calculator to calculate your answer. Do not round any intermediary calculations, and round your final answer to the nearest dollar.)

• A) $12,000
• B) $11,111
• C) $14,542
• D) $18,471

---

Definitions:

Contributors

Individuals or entities that add value or provide input towards achieving a goal or completing a project.

Emotional Intelligence

The capability to recognize, understand, manage, and reason with emotions in oneself and others, crucial for effective personal and professional relationships.

Leadership Skills

A set of abilities that an individual possesses to influence, motivate, and enable others to contribute toward the effectiveness and success of the organizations of which they are members.

Multinational Firm

A Multinational Firm is a company that owns or controls production of goods or services in one or more countries other than its home country.