Your Friend Has Agreed to Lend You $5,000 Today If

question 75

Multiple Choice

Your friend has agreed to lend you $5,000 today if you will repay him $5,061.36 in three months.What annual interest rate is your friend charging you for this loan?

• A)1.23%
• B)5.00%
• C)2.47%
• D)5.36%

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Definitions:

Breathing

The process of inhaling and exhaling air to facilitate gas exchange within the body's respiratory system.

Tachypnea

An abnormally rapid breathing rate, often indicative of a respiratory issue or other medical condition.

Breathing

The process of inhaling oxygen and exhaling carbon dioxide from the atmosphere, essential for life.

Spirometer

A device used to measure the volume of air inhaled and exhaled by the lungs.