Use the Following Information for Questions

question 2

Multiple Choice

Use the following information for questions:
Cartage Co.signed a $17,000, six-month note on October 1, 2011.Principal and interest are due at maturity.The interest rate is 6%.
-How much cash did Cartage Co.receive on October 1?

• A)$17,000
• B)$17,510
• C)$18,020
• D)$15,980

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Definitions:

Budgeting Benefits

Advantages arising from planning and managing income and expenses, including better savings, reduced debt, and improved financial decision-making.