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:

Decreased

Reduced or lessened in amount, size, strength, or intensity.

Legal Investigations

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