No Tree Too Tall, Inc

question 5

Multiple Choice

No Tree Too Tall, Inc.is planning to borrow $12,000 from the bank.The bank offers the choice of a 12 percent discount interest loan or a 10.19 percent add-on, one-year installment loan, payable in 4 equal quarterly payments.What is the effective rate of interest on the 10.19 percent add-on loan?

• A) 9.50%
• B) 10.19%
• C) 15.22%
• D) 16.99%
• E) 22.05%

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Definitions:

Direct Strategy

Communication approach that involves stating the main point or request at the beginning, followed by supporting details.

Claim Message

A communication that makes a request or demands action based on a right, such as requesting a refund or warranty service.

Closing Pleasantly

This refers to ending a communication interaction, such as a letter, email, or meeting, in a friendly and satisfying manner to leave a good impression.

Response Message

A communication made in reply to a received message, often intended to provide answers or clarification.