A man borrowed $2,500 on a straight note. In eight months, he paid $150. What was the interest rate:

A: 8.4%;
B: 9%;
C: 10%;
D: None of the above.

Answer: B: 9%;

Business

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Both broker and sales person license are issued for

A) 18 months B) two years C) three years D) four years

Business

Which of the following statements is true?

A) Funding for postretirement health care benefits is legally required, and contributions are tax deductible. B) Funding for postretirement health care benefits is legally required, but contributions are not tax deductible. C) Funding for postretirement health care benefits is not legally required, and contributions are not tax deductible. D) Funding for postretirement health care benefits is not legally required, but contributions are tax deductible.

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