Use the Chart to Answer the Question What Is the Difference Between the Greatest Profit and the So

question 381

Multiple Choice

Use the chart to answer the question.
-The NSC (Not So Consistent) Corporation has just completed its first year of business. The following chart shows its monthly profit (or loss) . $\begin{array}{lr}\text { Month } & \text { Profit (Loss) in Dollars } \\\hline \text { January } & -14,526 \\\text { February } & 1874 \\\text { March } & -8977 \\\text { April } & -14,107 \\\text { May } & 14,073 \\\text { June } & 14,632 \\\text { July } & -13,834 \\\text { August } & -13,170 \\\text { September } & -4860 \\\text { October } & 6630 \\\text { November } & -3338 \\\text { December } & -974\end{array}$

What is the difference between the greatest profit and the greatest loss?

• A) \(\$ 2,848\)
• B) \(\$ 106\)
• C) \(\$ 13,658\)
• D) \(\$ 29,158\)

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Definitions:

Compounded Quarterly

Interest calculation on an investment or loan that is applied four times a year.

Amortized

The process of paying off a debt over time through regular payments, where part of each payment is applied to the principal amount and part to interest.

Equal Payments

Payments of the same amount made periodically over a certain period of time, often seen in loans or annuities.

Compounded Monthly

Interest calculation method where the interest is added to the principal balance monthly, leading to interest accruing on the previously accumulated interest.