If You Pay Off a $3,600 Loan in 12 Equal

question 40

Multiple Choice

If you pay off a $3,600 loan in 12 equal payments over 1 year at 1% monthly simple interest,how much will your payments be each month?

• A)$291.67
• B)$319.86
• C)$318.43
• D)None of the options are correct.

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Definitions:

Inventory Systems

Tools and processes for managing a company's stock of goods, including the tracking, ordering, storing, and using of inventory.

Distribution Centers

Facilities that store goods before they are distributed to stores or end consumers.

Retail Store Space

The physical area that a retailer utilizes to display products for sale to customers within a store.

Four Ps

A marketing mix model that encompasses product, price, place, and promotion strategies in a business.