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Entrepreneurship Chapter 2 Vocab Flashcards | StudBud
Entrepreneurship Chapter 2 Vocab
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If you borrowed $75K at 8%, how much interest would you pay in 1 year and also in 5 years?
A
$6,400 the first year and $25,000 in five years
B
$3,500 the first year and $15,000 in five years
C
$6,000 first year and $30,000 in five years
D
You will pay $6,400 the first year and $64K in five years
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