If Mega Corp

question 58

Multiple Choice

If Mega Corp. borrows $9,000 and agrees to pay the lender $10,000 in one year, the annual interest rate on the loan is approximately _____%.

• A) 9.0
• B) 10.0
• C) 11.1
• D) 0.9

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Definitions:

Plaintiff Prove

The requirement for the plaintiff in a legal case to establish the truth of their claims or allegations with sufficient evidence.

Claim

A demand for payment, benefits, or compensation as a result of loss, damage, or injury.

Equal Pay Act

A law aimed at abolishing wage disparity based on sex by ensuring that men and women receive equal pay for equal work.

Skill of the Job

The specific abilities and knowledge required to perform a job successfully.