The Interest Charged on a $70,000 Note Payable, at the Rate

question 26

Multiple Choice

The interest charged on a $70,000 note payable, at the rate of 6%, on a 90-day note would be

• A) $4,200.
• B) $2,100.
• C) $1,050.
• D) $700.

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Definitions:

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A pioneering figure in psychology, known as the father of behaviorism, who emphasized the importance of observable behaviors over internal psychological processes.

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A systematic and logical approach to discovering how things in the universe work, involving observation, hypothesis, experiments, and conclusion.

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The process of using statistical methods to determine if there is enough evidence to support a proposed explanation or theory.