How much of the second payment will go to paying interest

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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.

Reference no: EM132058065

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