You sign a simple discount promissory note for $7,000 at a discount rate of 5%, for 30 months. What are the proceeds?

A) $6,125
B) $7,875
C) $875
D) $3,500


A

Business

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A. Counseling B. Discipline C. Rating D. Coaching

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Which of the following statements about corporate dissolution is incorrect?

A) A creditor cannot force a corporation into dissolution. B) A corporation will be dissolved if all shareholders vote to do so. C) A Secretary of State may start an administrative proceeding to dissolve a corporation for failure to pay taxes. D) A shareholder may petition a court to dissolve a "deadlocked" corporation.

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