Solve the Problem. -Nathan Has $568.57 in His Checking Account. He Writes Checks

question 8

Multiple Choice

Solve the problem.
-Nathan has $568.57 in his checking account. He writes checks for his monthly bills in the amounts of $27.86, $235.28, and $180.30. He deposits his paycheck of $450.41 and then takes his girlfriend to dinner and spends
$75) 21 on his debit card. How much money does Nathan have left in his account?

• A) -$250.07
• B) $636.81
• C) $650.75
• D) $500.33

---

Definitions:

Credit-worthiness

An evaluation of the ability of an individual or entity to fulfill financial obligations based on their credit history and financial health.

Debt-service Requirements

The amount of money needed to cover the payment of interest and principal on a debt for a particular period.

Seasonal Lines

Products or services that experience significant demand variations depending on the time of the year.

Peak Selling Period

The time frame during which sales for a particular product or service reach their highest levels, often related to seasonal demand or specific marketing campaigns.