If You Borrow $50,000 at an Annual Interest Rate of 12

question 100

Multiple Choice

If you borrow $50,000 at an annual interest rate of 12% for six years,what is the annual payment (prior to maturity) on an interest-only type of loan?

• A)$0.00
• B)$6,000.00
• C)$8,333.33
• D)$12,161.29

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Definitions:

International Business

Commercial transactions that occur across country borders, including trade, investment, and operational activities.

Import/Export

The business of importing goods from foreign countries and exporting domestic goods to foreign countries.

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