Find the Exact Interest to the Nearest Cent

question 61

Multiple Choice

Find the exact interest to the nearest cent.
-$4,900 at 5% for 189 days

• A)$128.63
• B)$126.86
• C)$12.69
• D)$12.86

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Definitions:

Leverage

The use of various financial instruments or borrowed capital, like debt, to increase the potential return of an investment.

Debt-Equity Ratio

The ratio of a firm's total liabilities to its shareholders' equity, used to assess financial leverage.

Financial Risk

The possibility of losing money on an investment or business venture, often associated with the uncertainty of returns.

Value of a Firm

The total worth of a company, determined by factors such as its assets, earnings, market position, and future growth prospects.