What Is the APR on a Loan That Charges Interest

question 114

Multiple Choice

What is the APR on a loan that charges interest at the rate of 1.4 percent per month?

• A)10.20 percent
• B)14.00 percent
• C)16.80 percent
• D)18.16 percent

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Definitions:

Morula

Mass of 12 or more cells resulting from the early cleavage divisions of the zygote.

Placenta

An organ that develops in the uterus during pregnancy, providing oxygen and nutrients to, and removing waste from, the fetus.

Trophoblast

A layer of cells surrounding the blastocyst in early development that provides nutrients to the embryo and develops into part of the placenta.

Inner Cell Mass

The inner cell mass is a group of cells inside the primordial embryo that will eventually develop into the fetus.