If a Project Costs $3,500 Today and Pays a Return

question 102

Multiple Choice

If a project costs $3,500 today and pays a return of $4,200 next year, what is the highest interest rate at which the project should be undertaken?

• A) 7 percent
• B) 14 percent
• C) 20 percent
• D) 70 percent

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Definitions:

True To Form

An expression denoting that an object is accurately made or shaped according to its design.

Number Of Times

The frequency or occurrence rate of an event or action.

Number Of Places

Refers to the specified number of locations or positions within a given context or setting.

Removed View

An additional view in drafting that is separated from the main drawing to clarify details of the object being depicted.