If Marjorie Wilcox Borrows $200 for One Year with an APR

question 87

Multiple Choice

If Marjorie Wilcox borrows $200 for one year with an APR of 12% and an annual service fee of $10,what is her total cost of credit?

• A)$10
• B)$12
• C)$24
• D)$34
• E)$42

Determine precise audience information needs at different planning stages.

Assess the ethical considerations in business communication.

Utilize techniques for gathering information effectively.

Choose appropriate communication channels and mediums for message delivery.

---

Definitions:

Common Stock

Equity shares representing ownership in a company, granting voting rights and potential dividends.

Common Stock

A type of equity security that represents ownership in a corporation, entitling holders to vote on corporate matters and receive dividends.

Initial Value Method

An accounting approach where investments are reported at their acquisition cost without subsequent adjustment for changes in market value.