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Industrial Tools Owes You $38,600

Question 49

Multiple Choice

Industrial Tools owes you $38,600.This amount is seriously delinquent so you have offered to accept weekly payments for one year at an interest rate of 3 percent to settle this debt in full.What is the amount of each payment?


A) $829.90
B) $818.11
C) $609.18
D) $599.04
E) $753.71

Correct Answer:

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