A Company Receives a 7

question 92

Multiple Choice

A company receives a 7.5%,six-month note for $8,900.The total interest due on the maturity date is:

• A)$66,750.00.
• B)$4,005.00.
• C)$2,002.50.
• D)$667.50.
• E)$333.75.

---

Definitions:

Parathyroid Gland

A small endocrine gland in the neck that produces parathyroid hormone, which regulates calcium levels in the blood.

Pineal Gland

A small endocrine gland in the brain that produces melatonin, a hormone that regulates sleep patterns.

Serotonin

A neurotransmitter that plays a key role in mood regulation, digestion, and various bodily functions.

Thyroid Gland

A butterfly-shaped gland located in the neck, responsible for producing hormones that regulate metabolism.