Multiple Choice
Exhibit 29-2
Refer to Exhibit 29-2. The interest and interest rate for loan 2 are, respectively,
A) $500 and 25.0 percent.
B) $2,500 and 25.0 percent.
C) $500 and 12.5 percent.
D) $2,500 and 12.5 percent.
Correct Answer:
Verified
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