Find the Periodic Payment Required to Repay $12,330 Over 15 $\quad P = \$ 158.30$

question 147

Multiple Choice

Find the periodic payment required to repay $12,330 over 15 years, with monthly payments at a 11% annual rate.Round to the nearest cent.

• A) \(\quad P = \$ 158.30\)
• B) \(\quad P = \$ 140.14\)
• C) \(\quad P = \$ 131.06\)
• D) \(\quad P = \$ 167.38\)
• E) none of the above

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Definitions:

Matrix Level

Refers to the arrangement or level of an individual within a matrix organization, which combines functional and divisional structures for more flexibility and collaboration.

Two Bosses

A situation in a matrix organization where an employee is answerable to two supervisors, each with their own set of expectations and tasks.

Network Structure

A flexible organizational design characterized by interconnected nodes of teams or individuals, facilitating adaptability and information exchange.

Core Competencies

The essential capabilities and strengths that give an organization or individual a competitive advantage.