Interest Compounded Quarterly on a $100,000 Principal Amount at 12

question 98

Multiple Choice

Interest compounded quarterly on a $100,000 principal amount at 12% for one year is

• A) $ 9,273
• B) $12,551
• C) $12,000
• D) none of these

---

Definitions:

Battery

is an intentional and unlawful physical contact or force used against another person without their consent, potentially resulting in criminal charges.

Assault

An act that threatens physical harm to a person, whether or not actual harm is inflicted.

Age of Majority

The legally defined age at which an individual is considered an adult and responsible for their actions, varying by jurisdiction.

Misuse of Legal Procedure

The improper use of legal processes for ulterior motives, rather than for legitimate legal reasons.