D'Anthony Borrowed $50,000 Today That He Must Repay in 15

question 144

Multiple Choice

D'Anthony borrowed $50,000 today that he must repay in 15 annual end-of-year installments of $5,000.What annual interest rate is D'Anthony paying on his loan?

• A) 2.222%
• B) 3.333%
• C) 5.556%
• D) 33.33%

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Definitions:

Process

A series of actions or steps taken in order to achieve a particular end.

Electronic Health Records (EHR)

Digital version of a patient's paper chart, making information available instantly and securely to authorized users.

HITECH

The Health Information Technology for Economic and Clinical Health Act, promoting the adoption and meaningful use of health information technology.

Reduced Medication Errors

Strategies and practices implemented to decrease the frequency of errors in the prescribing, dispensing, and administration of medications.