Martin Is Offered an Investment Where for $6000 Today, He

question 81

Multiple Choice

Martin is offered an investment where for $6000 today, he will receive $6180 in one year. He decides to borrow $6000 from the bank to make this investment. What is the maximum interest rate the bank needs to offer on the loan if Martin is at least to break even on this investment?

• A) 1%
• B) 2%
• C) 3%
• D) 4%

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Definitions:

Dissociative Identity Disorder

A psychological condition in which a person exhibits multiple distinct identities or personality states.

Illness Anxiety Disorder

A chronic condition characterized by excessive worry about having a serious illness, despite having little or no medical evidence to support the presence of an actual physical condition.

Attributional Styles

The tendency to attribute one’s behavior to internal or external factors, stable or unstable factors, and global or specific factors.

Internal

Relating to or situated on the inside; inner.