Pace CoBorrowed $25,000 at a Rate of 7

question 141

Multiple Choice

Pace Co.borrowed $25,000 at a rate of 7.25%,simple interest,with interest paid at the end of each month.The bank uses a 360-day year.How much interest would Pace have to pay in a 30-day month?

• A) $182.76
• B) $138.96
• C) $151.04
• D) $172.19
• E) $135.94

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Sentencing Reform Bills

Legislation intended to modify sentencing laws and guidelines, often to address issues of fairness and equity.

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Means something has been made into law or given legal authority through official legislative action.

Death Penalty

A state-sanctioned practice of executing a person as punishment for a crime, often used for the most serious offenses.

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