If You Buy a Factory for $250,000 and the Terms

question 25

Multiple Choice

If you buy a factory for $250,000 and the terms are 20% down,the balance to be paid off over 30 years at a 12 percent rate of interest on the unpaid balance,what are the 30 equal annual payments? (Round to the nearest whole dollar)

• A) $20,593
• B) $31,036
• C) $24,829
• D) $50,212
• E) $6,667

---

Definitions:

Negative Affect

A psychological term for negative emotions and mood states, including sadness, anger, and anxiety.

Positive Affect

The experience of positive emotions and sentiments, contributing to overall well-being and happiness.

Intrapsychic Factors

refer to internal psychological processes, conflicts, and dynamics that influence an individual's behavior and experiences.

Enduring Character

Traits or aspects of a person's personality that remain stable and consistent over time.