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

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Definitions:

Two-Way Symmetrical Model

A concept in public relations that emphasizes mutual understanding and dialogue between an organization and its publics rather than one-way persuasion or transmission of messages.

Corporate Communications

The management function responsible for overseeing and facilitating communication within an organization and between the organization and its external stakeholders.

Organizational Branding

The process of developing and promoting a distinct identity and image for a business or organization in the mind of the target market.

Global Competition

The dynamic and competitive relationship among companies and countries around the world for market share, technological advances, and workforce talent.