If a Bank Lends You $10,000 and Requires That You

question 128

Multiple Choice

If a bank lends you $10,000 and requires that you make payments of $2,500 at the end of each of the next five years,what interest rate is the bank charging?

• A) 4.56%
• B) 5.61%
• C) 7.93%
• D) 11.18%

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Definitions:

"You" Attitude

A communication style that focuses on the needs, interests, and concerns of the audience, rather than the speaker.

Credibility

The quality of being trusted, believable, or convincing based on one's knowledge, reliability, or reputation.

Pompous Language

The use of overly self-important or grandiose language intended to impress others.

Establishing Qualifications

The process of presenting and verifying credentials, skills, and experiences that make an individual suitable for a particular role or task.