What Is the Implied Interest Rate If You Borrow $85

question 21

Multiple Choice

What is the implied interest rate if you borrow $85 000 and promise to pay back $201 229 at the end of 10 years?

• A)9% p.a.
• B)18% p.a.
• C)11% p.a.
• D)13% p.a.

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Definitions:

Anatomy

The branch of biology and medicine that studies the structure and organization of living organisms.

Structure

The arrangement or organization of parts to form an organism, system, or object, often determining its function and nature.

Physiology

The science that deals with the functions and processes of living organisms and their parts.

Homeostasis

The method through which living beings keep a consistent inner state regardless of variations in the outside world.