Sue Obtains a One Year Loan of $3000 Based on an Annual

question 9

Multiple Choice

Sue obtains a one year loan of $3000 based on an annual interest rate of 12 percent.What would be the monthly payment to pay it off in one year?

• A)$278
• B)$280
• C)$303
• D)$266

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Definitions:

Independent

Not influenced or controlled by others in matters of opinion, conduct, or other actions; free from external control.

Standard Deviations

Refers to the distance of a value from the mean in a dataset, indicating the variability within the data.

Standard Deviations

An indicator of the degree of spread or diversity among a collection of numbers, showing the extent to which these numbers deviate from their average value.

Managerial Positions

Roles or jobs within an organization that involve overseeing, directing, or managing groups or projects.