The Interest on a $20,000 Face Value, 90-Day Note That

question 98

Multiple Choice

The interest on a $20,000 face value, 90-day note that bears interest at 6 percent a year? (Assume 360 days in a year.)

• A)$12,000
• B)$3,000
• C)$1,200
• D)$300

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Definitions:

Program Champion

A person who is willing and able to “cut the red tape” to move the program forward.

Red Tape

Bureaucratic procedures and rules considered excessive and hindering processes.

Paralysis By Analysis

A situation where decision-making is hindered or halted by the excessive analysis of data or overthinking.

Marketing Plans

Structured documents or strategies that outline marketing efforts and actions intended to achieve specific marketing objectives.