If the Interest Rate on a Note Is 12

question 155

Multiple Choice

If the interest rate on a note is 12.5% and the principal was $57,000,what is the maturity value of the note,if the term of the note is 5 months? (Round your final answer to the nearest dollar. )

• A)$57,000
• B)$59,969
• C)$64,125
• D)$61,156

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Definitions:

Sensory Overload

A condition where one or more of the body's senses experiences over-stimulation from the environment.

Selective Attention

The focusing of attention on selected aspects of the environment and the blocking out of others.

Sensory Adaptation

The process by which sensory receptors become less sensitive to constant stimuli over time.

Just Noticeable Difference

The smallest difference in stimulus intensity that a specific sense can detect.