The Current Indirect Rate Is 153,the Interest Rate in the Foreign

question 65

Multiple Choice

The current indirect rate is 153,the interest rate in the foreign country is 1%,and the interest rate in the home country is 4%.What is the forward indirect rate if t = 2?

• A)143.69
• B)144.30
• C)148.59
• D)156.34

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Definitions:

Notes Payable

Short-term or long-term liabilities representing amounts owed to creditors, documented by promissory notes.

Long-term Note Payable

A debt obligation that is not due for repayment within the next year or operating cycle of the business.

Periodic Instalment

Regular, scheduled payments made over time to repay a debt.

Unpaid Balance

The remaining amount of money that has not been paid on a loan or debt.