When You Plan to Prepare for Finals, It Is Important

question 4

Multiple Choice

When you plan to prepare for finals, it is important to remember that

• A) finals in many courses determine a significant portion of your grade.
• B) only one or two of your professors will actually give a final.
• C) most professors have actually calculated semester grades before giving finals.
• D) finals are rarely comprehensive.

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Definitions:

Demand Loan

A type of loan where the lender can demand repayment at any time.

Simple Interest Rate

A fixed percentage of the principal amount that is paid as interest for the use of borrowed funds, calculated on an annual basis without compounding.

Final Payment

The last installment paid on a loan, completing the payback of the total borrowed amount and any accrued interest.

Student Loans

Funds lent to students to help cover the cost of post-secondary education, which typically have to be repaid after graduation.