A Small Business Refits Its Store

question 74

Multiple Choice

A small business refits its store.The builders charge them $125,000,which will be paid back in monthly installments over three years at 6% APR.The builders will reduce this rate to 5.5% APR if they pay $2500 up front.By approximately how much will this reduce the monthly loan repayments ?

• A)$104
• B)$28
• C)$214
• D)$77

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Definitions:

Prodromal Stage

The early stage in the development of a disease, before the full-blown symptoms or conditions are apparent, offering potential for early detection and intervention.

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A complex mental disorder characterized by disturbances in thought, perception, and behavior, affecting an individual's ability to discern reality.

Disturbed Thought Processes

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