Juan Carlos Originally Hoped to Purchase a Home

question 3

Multiple Choice

Juan Carlos originally hoped to purchase a home. However, because he could not earn enough money to ever afford one, he decided that a home was no longer important. Instead, he found happiness through quitting his job, moving into a shack in the woods, and enjoying the solitude. Merton would classify Juan Carlos's adaptation to strain as ______.

• A) conformity
• B) innovation
• C) retreatism
• D) rebellion

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Definitions:

Compounded Annually

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a yearly basis.

Interest Rate

The percentage of the principal that is paid as a fee over a certain period of time for the use of borrowed money.

Compounded Semiannually

The process of applying interest to an initial sum plus any previously earned interest, calculated twice a year.

Interest Rate

The percentage of the principal amount charged by a lender to a borrower for the use of assets, typically expressed on an annual basis.