On October 1,2017,Parkin,Inc

question 169

Multiple Choice

On October 1,2017,Parkin,Inc.made a loan to one of its customers.The customer signed a 6-month note for $110,000 at 14%.Calculate the maturity value of the note.(Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )

• A)$117,700
• B)$125,400
• C)$94,600
• D)$102,300

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Definitions:

Collectivism

A cultural value that emphasizes the importance of groups and collective action, prioritizing group goals over individual ones.

Individualism

A theory that prioritizes individual freedom over the control of groups or the government.

Attributes

Characteristics or qualities that describe an entity, individual, or group.

Team Player

An individual who works well within a group, often putting the team’s goals ahead of personal gains.