Multiple Choice
The total amount of simple interest calculated annually on a $4,000 note payable in 5 years at 9% is:
A) $1,800.00
B) $1,411.20
C) $2,154.60
D) $554.04
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q41: The solution to this problem requires time
Q76: A company has $8,000 in cash,$9,250 in
Q90: If a 12% interest rate is compounded
Q92: All of the following statements about current
Q94: The solution to this problem requires time
Q97: Match each of the following terms pertaining
Q99: Identify the classifications of the following accounts
Q131: Warranty expenses are the result of the
Q172: To determine whether a lottery winner would
Q173: When borrowing money to be repaid in