What is the amount of pre-paid interest to the borrower if her $205,000 loan at 5.5% annual interest rate closes on November 15?

a) $258.33
b) $939.58
c) $469.79
d) $370.00

Answer: c) $469.79

Business

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Telecommunications includes many different types of communication besides data, such as voice and video, and includes telephony, telegraphy, and television. Where does the prefix "tele" come from?

A) The Latin word communications B) The Roman word for traveling C) The English word for telecommute D) The Greek word for distance

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In many instances, off-the-shelf software can meet up to ________ percent of an organization's needs

A) 50 B) 60 C) 70 D) 90 E) 100

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