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frozen [14]
3 years ago
14

Martin is offered an investment where for $4000 today, he will receive $4240 in one year. He decides to borrow $4000 from the ba

nk 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) 6%B) 5%C) 7%D) 4%
Business
1 answer:
Mnenie [13.5K]3 years ago
8 0

Answer:

The maximum interest rate the bank needs to offer on the loan if Martin is at least to break even on this investment is A) 6%

Explanation:

Martin is offered an investment where for $4000 today, he will receive $4240 in one year. The interest rate of the investment = ($4,240-$4,000)/$4,000x100% = 6%

The maximum interest rate the bank needs to offer on the loan if Martin is at least to break even on this investment should equal the interest rate of the investment: 6%

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Answer:

The correct answer is letter "A": encouraged entrepreneurs to come to the U.S. through "investor visas".

Explanation:

The U.S. Immigration Act of 1990 was signed by <em>President George H. W. Bush </em>(1924-2018) by the end of November in that year. The act granted more opportunities for immigrants since it increased the numbers of family and employment-related visas to entry to the country. When it comes to employment, managers, professionals with exceptional abilities, skilled workers, and investors were at the top of the preferences for being eligible to be approved.

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Which term describes the seller's ability and desire to sell goods and services.A. supply
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Out of the following choices given, the term that describes the seller's ability and desire to seel good and services is called demand. The answer will be B.
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Korey's perceptual bias is the fundamental attribution.

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I hope this helps

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