You're Ready to Make the Last of Four Equal,annual Payments

question 41

Multiple Choice

You're ready to make the last of four equal,annual payments on a $1,000 loan with a 10% interest rate.If the amount of the payment is $315.47,how much of that payment is accrued interest?

• A) $28.68
• B) $31.55
• C) $100.00
• D) $315.47

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Definitions:

Work Groups

Teams within an organization focused on completing specific tasks or projects.

Integrative Culture

A corporate culture that emphasizes collaboration, inclusivity, and teamwork to achieve a cohesive, unified workplace environment.

Concern for People

Refers to the degree of emphasis a leader or an organization places on the well-being, needs, and interests of the people within an organization or community.

High Levels

Referring to a state or position of great importance, intensity, or development.