If You Borrow $50,000 at an Annual Interest Rate of 12

question 105

Multiple Choice

If you borrow $50,000 at an annual interest rate of 12% for six years,what is the annual payment (prior to maturity) on a fully amortized loan?

• A)$0.00
• B)$6,000.00
• C)$8,333.33
• D)$12,161.29

---

Definitions:

Viral Marketing

A strategy that encourages individuals to pass on a marketing message to others, creating potential for exponential growth in the message's exposure and influence.

Employee Engagement

The level of enthusiasm and dedication an employee feels toward their job and company.

Blogosphere

The collective community of all blogs and blog authors, including the conversations and interactions within it.

Podcast

A digital audio or video file series that is available for streaming or downloading, focusing on various subjects ranging from education to entertainment.