631FinanceMedium
How many years will it take to pay off a Rs. 11,000 loan with a Rs. 1,241.08 annual payment and a 5% interest rate?
A24 years
MCQs
Read every question, see the correct answer, and understand the explanation at your own pace. Study mode has no timer and no negative marking.
Correct answer
D. 12 years
Explanation
Using financial calculator in excel, Put, PV = 11,000, PMT, 1241.08, Rate = 5% and solve for Nper = 12 Years.
Correct answer
D. Discounted payback period
Explanation
Discounted payback period is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.
Correct answer
A. Brady bonds
Explanation
Brady bonds is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.
Correct answer
D. Value creation
Explanation
Value creation is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.
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D. major suppliers
Explanation
major suppliers is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.
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C. Inflation effects
Explanation
Inflation effects is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.
Correct answer
B. Shorter payback period
Explanation
Shorter payback period is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.
Correct answer
B. secondary markets
Explanation
secondary markets is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.
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B. 620
Explanation
620 is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.
Correct answer
B. high return on assets
Explanation
high return on assets is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.