Use Estimation to Select the Best Response

question 17

Short Answer

Use estimation to select the best response. Do not calculate.
If you purchase a $595.95 item and pay for it with monthly installments for 1 year, the monthly payment is ______________________________.
($50 per month / more than $50 per month / less than $50 per month)

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Definitions:

Entrepreneurs

Individuals who initiate, manage, and take on the risks of a business or enterprise in the hope of making a profit.

Angel Investors

Wealthy individuals who provide capital for start-ups or small businesses in exchange for ownership equity or convertible debt.

Entrepreneurs

Individuals who initiate, manage, and take on the risks of a business or enterprise with the goal of making a profit.

Crowdfunders

Individuals or entities that contribute financial resources to projects or ventures through crowdfunding platforms.