A Furniture Store Is Offering Free Credit on Purchases Over

question 54

Multiple Choice

A furniture store is offering free credit on purchases over $1,000.You observe that a big-screen television can be purchased for nothing down and $4,000 due in one year.The store next door offers an identical television for $3,650 but does not offer credit terms.Which statement below best describes the cost of the "free" credit?

• A) 8.75%
• B) 9.13%
• C) 9.59%
• D) 0%

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Definitions:

Motor Neurons

Specialized neurons that initiate and conduct impulses to muscles and glands, facilitating movement and secretion.

Special Receptors

Specialized cells or nerve endings that respond to changes in the environment by converting stimuli into electrical signals for the nervous system.

Spinal Cord

A long, slender column of nervous tissue that runs from the brainstem to the lower back, serving as a critical pathway for transmitting neural signals between the brain and the body.

Sex-Linked Genetic Disorder

A disorder caused by mutations in genes on the sex chromosomes, often impacting one sex more than the other due to chromosomal differences.