Mackey and O'Brien Reported in Their Study of Lasting Marriages

question 38

Multiple Choice

Mackey and O'Brien reported in their study of lasting marriages that 68 percent of their respondents identified their communication as positive:

• A)when their children were pre-teens.
• B)after the youngest child was at least 18 years of age.
• C)after all of the children had established their own families.
• D)after their parents were deceased.

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Definitions:

Simple Interest

A method to calculate the interest charged on a loan, based on the original principal amount, the rate of interest per period, and the number of time periods.

Discounted

Refers to the process of determining the present value of a future amount of money or stream of payments, considering a specific interest rate.

Registered Retirement Savings Plan

A government-approved program in Canada that enables residents to save for retirement on a tax-deferred basis.

Fixed Monthly Payments

Regular, unchanging payments made each month for a period of time, often used in loans and lease agreements.