You Borrow $4750 at a Rate of 6

question 71

Multiple Choice

You borrow $4750 at a rate of 6.72% compounded monthly. You make a partial payment of $1400 in 3 months. You also agree to make two equal payments 3 and 5 months after the partial payment. What is the size of the equal payments? Use a focal date of 8 months.

• A) $1573.84
• B) $1754.02
• C) $1735.84
• D) $1784.35
• E) $1788.02

Identify various forms of brand exposure through social sharing and personal influence.

Grasp the role of small groups of influencers in the dissemination of information.

Recognize the characteristics that make an idea sticky and memorable.

Understand how influencers establish a sense of intimacy with their audiences through self-presentation strategies.

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Definitions:

Due Diligence

Doing everything reasonable to avoid a problem leading to legal liability.

Peat Bog

A type of wetland terrain formed from partially decayed vegetation, known for its unique ecosystems and carbon storage capabilities.

Corporations

Legal entities that are separate from their owners, providing limited liability protection, and able to enter into contracts, sue, and be sued.

Shares

Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.