On April 1, 2019, Barnes Services Received a 9-Month Note

question 100

Multiple Choice

On April 1, 2019, Barnes Services received a 9-month note for $12,000 at 12%. Calculate the amount of interest due at maturity. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)

• A) $972
• B) $1,188
• C) $1,440
• D) $1,080

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Definitions:

StomaphyX

A minimally invasive endoscopic procedure for resizing the stomach, typically to reverse weight gain after gastric bypass surgery.

Increased Blood Pressure

A condition where the force of the blood against the artery walls is higher than normal, which can lead to health problems.

Heart Rate

The number of heartbeats per unit of time, usually measured in beats per minute (bpm).

Sibutramine

A medication formerly used to treat obesity, which acts by suppressing appetite through the inhibition of serotonin, norepinephrine, and dopamine reuptake.