Pace CoBorrowed $20,000 at a Rate of 7

question 30

Multiple Choice

Pace Co.borrowed $20,000 at a rate of 7.25%,simple interest,with interest paid at the end of each month.The bank uses a 360-day year.How much interest would Pace have to pay in a 30-day month?

• A)$120.83
• B)$126.88
• C)$133.22
• D)$139.88
• E)$146.87

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Definitions:

Face

In communication theory, it refers to one's self-image or the esteem in which an individual holds themselves, which can be negotiated in social interactions.

Conflict

Conflict refers to a serious disagreement or argument, often a protracted one, between individuals, groups, or entities.

Relational Goals

Objectives aimed at establishing, maintaining, or enhancing interpersonal relationships.

Topic Goals

Objectives or aims related to a specific subject or area of discussion.