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    Business
  3. Study Set
    Money Banking and Financial Markets
  4. Exam
    Exam 2: An Overview of the Financial System
  5. Question
    Assume That You Borrow $2,000 at 10% Annual Interest to Finance
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Assume That You Borrow $2,000 at 10% Annual Interest to Finance

Question 85

Question 85

Multiple Choice

Assume that you borrow $2,000 at 10% annual interest to finance a new business project. For this loan to be profitable,the minimum amount this project must generate in annual earnings is


A) $400.
B) $201.
C) $200.
D) $199.

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