Pace CoBorrowed $20,000 at a Rate of 7

question 30

Multiple Choice

Pace Co.borrowed $20,000 at a rate of 7.25%,simple interest,with interest paid at the end of each month.The bank uses a 360-day year.How much interest would Pace have to pay in a 30-day month?

• A)$120.83
• B)$126.88
• C)$133.22
• D)$139.88
• E)$146.87

---

Definitions:

Anxiety And Depression

Psychological disorders characterized by persistent worry, unease (anxiety) or feelings of sadness and hopelessness (depression).

Boy Code

A set of societal expectations that pressure boys to conform to traditional masculine roles and behaviors.

Counseling Context

The setting or circumstances in which therapeutic sessions occur, focusing on confidentiality, the therapist-client relationship, and the goals of therapy.

Special Strategies

Unique techniques or methods developed to solve problems or achieve objectives.