After 7 Months at an Interest Rate of 13%, an Investment

question 194

Multiple Choice

After 7 months at an interest rate of 13%, an investment matured today at a value of $80,000. How much of the $80,000 is interest?

• A) $12,065
• B) $10,400
• C) $6,067
• D) $7,436
• E) $5,639

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Definitions:

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