If a Student Borrows $20,000 to Start a Business as a 5

question 4

Multiple Choice

If a student borrows $20,000 to start a business as a 5 year,10% loan,assume annual payments,the decrease in principal in year 1 is

• A) $2,000.00
• B) $3,275.95
• C) $4,000.00
• D) $5,275.95
• E) None of these.

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Definitions:

Digital Calendar

An electronic version of a calendar that allows users to manage events, appointments, and tasks digitally.

Conference Calls

A telephone call in which three or more people participate simultaneously to discuss business or other topics.

Weekly

Relating to or occurring every week or pertaining to activities, events, or occurrences scheduled on a weekly basis.

CMS

Content Management System, a software application used to create, edit, manage, and publish content in a collaborative environment.