Quiz1-1 Word - 1 ,chooseanswer"A StudentResponse CorrectAnswer Feedback A GeneralFeedback NOTE:Getintothehabitof"saving" pleteit.

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1   To earn the free half point associated with this question, choose answer "A"  below and save the answer to this question.   Student Response Correct Answer Feedback  A. record this quiz attempt      General Feedback: NOTE: Get into the habit of "saving" the answer to each question as you com- plete it. Always "submit" when you have finished the quiz. Score: 0.5/0.5   2
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  South Penn Trucking is financing a new truck with a loan of $82,400 to be re- paid with a lump sum in 5 years of $124,424. What annual interest rate is the  company paying?   Student Response Correct Answer Feedback A. 12.41%     B. 11.20%      C. 8.59%      D. 11.46%     E. 14.19%     General Feedback: Using a financial calculator, N = 5, PV = 82,400, FV = 124,424, solve for I/YR =  8.59%. Score: 0.2/0.2
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This note was uploaded on 02/12/2011 for the course FIN 44504 taught by Professor Banko during the Spring '11 term at University of Florida.

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Quiz1-1 Word - 1 ,chooseanswer"A StudentResponse CorrectAnswer Feedback A GeneralFeedback NOTE:Getintothehabitof"saving" pleteit.

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