Matty Kaminsky owns a new Volvo. His June monthly interest is $400. The rate is 8 ½%. Matty's principal balance at the beginning of June is (use 360 days): 

A. $57,254.90
B. $39,215.69
C. $56,470.59
D. $38,678.49


Answer: C

Business

You might also like to view...

According to F. Leigh Branham, the most effective employment branding is word-of-mouth

Indicate whether the statement is true or false

Business

When you deal with an unhappy customer, you should try to determine if their problem is real or perceived before attempting to resolve an issue

Indicate whether the statement is true or false

Business

If your research calls for counting the number of people entering two grocery stores, recording certain physical characteristics, and comparing those two sets of data, you would be conducting ____ research

a. observational b. normative c. experimental d. replication

Business

Natalie, age 17, rented a power washer and while using the machine, she negligently damaged it beyond repair. Under the majority view, the rental company can successfully sue Natalie for damages on a tort theory of negligence since it is well settled that minors are liable for their torts

a. True b. False Indicate whether the statement is true or false

Business