A $10,000, 5% Note Is Dated July 6 and Is

question 127

Multiple Choice

A $10,000, 5% note is dated July 6 and is due in 120 days. Using a 360-day year, the interest payment would be: (Do not round any intermediate calculations. Round your final answer to the nearest dollar.)

• A) $250.
• B) $500.
• C) $333.
• D) $167.

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Definitions:

Power Will Terminate

The condition under which an entity's or individual's authority or ability to make decisions will come to an end.

False Claims

Assertions or statements made that are not true, which can pertain to products, services, or legal testimony.

Purchasing Agent

A person tasked with acquiring goods or services for their organization or client.

Sanitation Regulations

laws and guidelines designed to protect public health by ensuring the cleanliness of water, food, and living environments.