On October 1,2017,Hubbard,Inc

question 116

Multiple Choice

On October 1,2017,Hubbard,Inc.made a loan to one of its customers.The customer signed a 6-month note for $120,000 at 15%.Calculate the total interest earned on the note.(Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )

• A)$9,000
• B)$4,500
• C)$1,500
• D)$18,000

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Definitions:

Embryonic

Pertaining to the embryo, an early developmental stage in multicellular organisms after fertilization but before birth or hatching.

Carbonic Anhydrase

An enzyme that helps regulate pH and fluid balance by catalyzing the conversion between carbon dioxide and water to bicarbonate and protons.

Bicarbonate Ion

A negatively charged ion (HCO3-) that is a significant component of the bicarbonate buffering system in the blood.

Hemolysis

Destruction of red blood cells in such a manner that hemoglobin is released.