A Business Accepts a 12 Percent,$19,000 Note Due in Three

question 86

Multiple Choice

A business accepts a 12 percent,$19,000 note due in three years.Assuming simple interest,how much will the business receive when the note falls due?

• A) $21,280
• B) $25,840
• C) $23,560
• D) $19,000

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Definitions:

Balance

The ability to maintain the body's center of mass over its base of support, a function largely managed by the cerebellum and inner ear.

Eye Movements

The voluntary or involuntary movement of the eyes, helping in acquiring, fixating and tracking visual stimuli.

Pacinian Corpuscles

Sensory receptors found deep in the skin and other tissues that detect pressure and vibration.

Pressure

The force exerted by an object against a surface or the stress within substances influenced by external or internal forces.