Multiple Choice
Southland,Inc.has just borrowed $50,000 to purchase a delivery truck.The contract calls for 4 annual payments of $15,773.54,beginning one year from today.The annual interest rate Southland is paying equals:
A) 8%
B) 12%
C) 10%
D) cannot be determined from the information given
Correct Answer:
Verified
Correct Answer:
Verified
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