Sollozo Just Made a Single Payment to Repay a Loan

question 104

Multiple Choice

Sollozo just made a single payment to repay a loan he had with the Corleone Finance Company. He paid a total of $86,500 which included interest of $56,500 at 48% compounded monthly. How long ago was the money borrowed?

• A) 19 months
• B) 63 months
• C) 27 months
• D) 34 months
• E) 47 months

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Definitions:

Blatant Discrimination

Open, conspicuous, unashamed unfair treatment of individuals based on their race, gender, age, or other characteristics.

Tenancy At Will

A lease arrangement where either the tenant or the landlord can terminate the agreement at any time without cause.

Indefinite Period

A time frame without a specified end date, often used in contracts or employment agreements to indicate open-ended duration.

Exclusive Right

A privilege given to an individual or entity to be the sole provider or beneficiary of a certain service, product, or right, often for a specific period.