Trek Company Signed a 9%, 10-Year Note for $150,000

question 140

Multiple Choice

Trek Company signed a 9%, 10-year note for $150,000. The company paid $1,900 as the installment for the first month. What portion of the first monthly payment is interest expense?

• A)$4,800
• B)$16,000
• C)$14,400
• D)$1,125

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Definitions:

Deficient Communication

Ineffective or insufficient exchange of information between individuals or groups, often leading to misunderstandings.

Repetitive Behaviors

Actions that are performed again and again, often a symptom of neurological disorders.

Inner Speech

Mental dialogue or the silent conversation one has with oneself, which plays a role in thinking and decision-making.

Lev Vygotsky

A Russian psychologist known for his work on cognitive development, particularly the social-cultural theory which emphasizes the role of social interaction in learning.