If $22,050 Is the Amount Payable in Two Years for a $20,000

question 91

Multiple Choice

If $22,050 is the amount payable in two years for a $20,000 simple loan made today,the interest rate is

• A)5 percent.
• B)10 percent.
• C)22 percent.
• D)25 percent.

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Definitions:

Added Value Negotiating

is a negotiation strategy focusing on creating win-win situations by identifying and maximizing additional value for all parties involved.

Traditional Negotiating

A bargaining approach typically involving two or more parties seeking to reach an agreement on terms or conditions through discussion and compromise.

Kaizen

A Japanese philosophy that focuses on continuous improvement in all aspects of life, including business and manufacturing processes.

Nadler-Tushman Model

A framework for diagnosing organizational behavior and performance, focusing on the interactions among strategy, structure, and organizational processes.