Assume that you borrow $2,000 at 10% annual interest to finance a new business project. For this loan to be profitable,the minimum amount this project must generate in annual earnings is
A)$400.
B)$201.
C)$200.
D)$199.

Question

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The Answer of Assume that you borrow $2,000 at 10% annual interest to finance a new business project. For this loan to be profitable,the minimum amount this project must generate in annual earnings is
A)$400.
B)$201.
C)$200.
D)$199.

Assume That You Borrow $2,000 at 10% Annual Interest to Finance