Solve the Problem

question 50

Multiple Choice

Solve the problem. Round to the nearest tenth of a percent.
-961 is what percent of 1679?

• A) 174.7%
• B) 0.1%
• C) 0.6%
• D) 57.2%

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Definitions:

Semiannually

Occurring or payable twice each year.

Present Value Table

A table used to determine the present value of a cash flow or series of cash flows to be received in the future, based on a certain discount rate.

Loan Agreement

A legally binding contract between a borrower and a lender, detailing the terms and conditions of a loan.

Interest

The cost of borrowing money, typically expressed as a percentage of the principal amount, or the income earned from lending funds.