What Amount of Interest Will Be Charged on $20 000

question 8

Multiple Choice

What amount of interest will be charged on $20 000 in 1 month for a simple interest of 5.99%?

• A) $1198
• B) $119.80
• C) $99.83
• D) $9.98
• E) $0

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Definitions:

Splitting Commissions

The act of dividing sales commissions among multiple salespersons or brokers who were involved in facilitating a sale or transaction.

Ethical Behavior

Conduct based on recognized principles of right and wrong, guiding individuals to act in morally responsible ways, especially in professional settings.

Sales Force

A group of employees within a company responsible for selling the company's products or services.

Quick Disciplinary

Relates to the swift actions taken to correct or address inappropriate behavior or performance issues within an organization.