If Mega Corp

question 317

Multiple Choice

If Mega Corp. borrows $8,000 and agrees to pay the lender $9,000 in one year, the annual interest rate on the loan is approximately _____%.

• A) 9.0
• B) 10.5
• C) 12.5
• D) 11.8

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Definitions:

Freshman Year

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A statistical mistake made when a true alternative hypothesis is incorrectly rejected, meaning that a false null hypothesis is not rejected.

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An individual who investigates phenomena that cannot be explained by known natural forces or technologies.

UFO

Unidentified flying object, usually implying any apparent anomaly in the sky that is not identifiable as a known object or phenomenon.