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:

Misidentification

The incorrect identification of someone or something, often leading to mistakes in perception or recognition of individuals, objects, or situations.

Implicit Prejudice

Unconscious biases or attitudes towards other people or groups, which influence one's feelings and actions in an unaware manner.

Facial Muscles

A group of skeletal muscles located underneath the facial skin that are responsible for facial expressions and movements.

Qualified Female Presidential Candidate

A woman who meets all the legal and often implicit experiential or educational requirements to run for president in a given country.