You Can Earn 4% on Your Bank Deposits and Are

question 35

Multiple Choice

You can earn 4% on your bank deposits and are considering a project that will cost $8,000 and offers an 8% return in one year. You have $3,000 to invest. What is the maximum interest rate
You could pay on a loan that would make this project acceptable?

• A)14.7%
• B)8.0%
• C)4.01%
• D)10.4%

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Definitions:

Iasis

A suffix used in medical terminology to denote a condition, disease, or infestation by a specific pathogen or disease process.

Ectasis

An expansion or dilation of a hollow organ or vessel within the body.

Blasts

Immature cells, particularly seen in the blood or bone marrow, indicating early stages of cell development, often used in the context of leukemia.

Crine

Crine is a suffix used in biology and medicine to denote secreting, related to glands and substances they release, such as endocrine (hormone-secreting) or exocrine (substance-secreting through ducts).