The Interest Charged on a $250,000 Note Payable, at the Rate

question 70

Multiple Choice

The interest charged on a $250,000 note payable, at the rate of 6%, for a year would be

• A) $15,000.
• B) $7,500.
• C) $3,750.
• D) $1,250.

---

Definitions:

Intentions

Plans or aims that guide one's actions, reflecting what individuals intend to do.

Decision Maker

An individual or group responsible for making choices that determine a course of action or policy.

Moral Principles

Fundamental beliefs concerning what is right and wrong, which guide behavior and decision-making.

Behavioral Ideals

Standards or models of conduct that are deemed desirable or worthy of emulation in a social context.