Question: QUESTION 2 4 Pace Co . borrowed $ 2 2 , 0 0 0 at a rate of 7 , 2 5 % , simple

QUESTION 24
Pace Co. borrowed $22,000 at a rate of 7,25%, simple interest, with interest paid at the end of each month. The bank uses a 360-day year. How much interest would Pace have to pay in a 30-day month?
a. $155.51
b. $130.26
c. $132.92
d. $166.15
e. $135.58
QUESTION 2 4 Pace Co . borrowed $ 2 2 , 0 0 0 at

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