Assume That You Borrow $2,000 at 10% Annual Interest to Finance

question 85

Multiple Choice

Assume that you borrow $2,000 at 10% annual interest to finance a new business project. For this loan to be profitable,the minimum amount this project must generate in annual earnings is

• A)$400.
• B)$201.
• C)$200.
• D)$199.

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