A Business Accepts a 12 Percent,$94,000 Note Due in Three

question 76

Multiple Choice

A business accepts a 12 percent,$94,000 note due in three years.Assuming simple interest,how much will the business receive when the note falls due?

• A)$105,280
• B)$127,840
• C)$116,560
• D)$94,000

---

Definitions:

Headings

Titles or labels used in documents to organize content and make it easier to navigate.

Preview Sections

Brief sections or summaries provided before the main content to give readers an overview of what to expect, enhancing engagement and comprehension.

Visual Indicators

Symbols or signs used to represent information or data visually, making it easier to understand or interpret.

Shifts

Changes or transitions in position, direction, or focus.