How Much Can You Borrow Today If You Can Make

question 58

Multiple Choice

How much can you borrow today if you can make payments of $3,600 a year for the next five years and the interest rate is 10%?

• A)$13,646.83
• B)$12,235.32
• C)$18,978.36
• D)$15,797.84
• E)$17,949.67

Learn guidelines for achieving a conversational tone in business messages without compromising professionalism.

Comprehend the significance and application of plain language in business communication for diverse audiences.

Differentiate between active and passive voice in writing and their appropriate use cases.

Understand the role of tone and style in business writing and how they affect message delivery.

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Definitions:

Franchise

A business arrangement between an owner of a trade name or trademark and a person who sells goods or services under the trade name or trademark.

Limited Partnership

A partnership consisting of at least one general partner, who manages the business and is liable for its debts, and one or more limited partners, who contribute capital and share in profits but have limited liability.

General Partner

An owner of a partnership who is responsible for its management and is personally liable for its debts.

Limited Partner

An investor in a partnership who is not involved in day-to-day management and whose liability is limited to the amount invested.