You Have an $8000 Balance on Your Credit Card,which Charges

question 24

Multiple Choice

You have an $8000 balance on your credit card,which charges 18% interest annually (1.5 per month) .If you can afford to pay $100 per month,how many months will it take to pay the credit card in full?

• A)170 months
• B)14 months
• C)162 months
• D)You will never get the card paid off at that rate.

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Definitions:

Conventional Level of Moral Development

A stage in Kohlberg's theory where moral reasoning is based on conforming to social rules, laws, and gaining approval from others.

Realistic and Obtainable Goals

Objectives set in a way that they can be realistically achieved within a given timeframe, considering available resources and constraints.

Ethical Sales Manager

A sales manager who adheres to and promotes ethical practices and integrity in all sales activities and interactions.

Pre-Conventional Stage

A level in Kohlberg's theory of moral development where an individual's sense of morality is externally controlled and rules are obeyed to avoid punishment.