A Money Factor of 0

question 130

Multiple Choice

A money factor of 0.00280 on a lease is equivalent to an annual percentage rate of

• A) 2.80.
• B) 3.60.
• C) 6.72.
• D) 8.64.
• E) 10.80.

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Definitions:

Lincoln-Douglas Debates

Series of senatorial campaign debates in 1858 focusing on the issue of slavery in the territories; held in Illinois between Republican Abraham Lincoln, who made a national reputation for himself, and incumbent Democratic senator Stephen A. Douglas, who managed to hold on to his seat.

Dred Scott V. Sanford

An 1857 U.S. Supreme Court decision that ruled African Americans were not U.S. citizens and that Congress had no authority to prohibit slavery in federal territories, exacerbating sectional tensions that led to the Civil War.

Republican Plan

A strategy or proposal put forward by members of the Republican Party (USA) aimed at addressing political, economic, or social issues.