1. Assume you borrow $15,000. The loan is to be fully repaid in the form of a 3 year, ordinary annuity, at an annual interest rate of 8%. How much of the second payment will go to paying interest? (This basic loan information will be used in 2 different questions.) Choose the closest answer.
2. Multinational corporations (MNC) may take several forms. An exporter could be described as
a MNC willing to commit itself to long-term foreign investment.
the least risky political arrangement.
More than one of the options is correct.
a MNC that produces a product within its own borders, but sells in a foreign market.