You obtain a loan of $3,000.00 based on simple interest with an annual interest rate of 12 percent, or 1% a month. If the first payment is $300.00, how much is the principal portion of the payment?

A. $270.00
B. $280.00
C. $27.00
D. $295.00

Answer: A. $270.00

Business

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Which of the following is NOT one of the four types of filtering that a firewall can perform?

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