Multiple Choice
TropiKana Inc., a U.S firm, has just borrowed $1,000,000 to make improvements to an Italian fruit plantation and processing plant. If the interest rate is 6.00% per year, how much interest will they pay in the first year?
A) $6,000
B) $60,000
C) $600,000
D) €60,000
Correct Answer:
Verified
Correct Answer:
Verified
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