After 7 Months How Much Interest Would I Have to Pay

question 189

Multiple Choice

After 7 months how much interest would I have to pay on a loan of $300 if the rate of interest was 32%?

• A) $96.00
• B) $47.50
• C) $36.67
• D) $56.00
• E) $69.74

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Definitions:

Intrinsic Value

The actual, underlying worth of an asset, investment, or company based on fundamental analysis without regard to its market value.

ROE

Return on Equity, a financial ratio indicating the profitability of a company relative to its shareholders' equity.

EPS

Earnings per share, a financial metric indicating the profitability of a company on a per-share basis.

Required Return

The minimum return a investor expects or needs from an investment, considering the risk involved.