You Need Some Money Today and the Only Friend You

question 149

Multiple Choice

You need some money today and the only friend you have that has any is your miserly friend. He agrees to loan you the money you need, if you make payments of $15 a month for the next nine months. In keeping with his reputation, he requires that the first payment be paid today. He also charges you 2% interest per month. How much money are you borrowing?

• A) $120.67
• B) $122.43
• C) $124.88
• D) $126.49
• E) $135.00

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Definitions:

Surrendering

The act of yielding or giving up control, often in a context of conflict, to another party.

Bullying Behavior

Refers to repeated aggressive actions or threats by an individual or group intended to harm or intimidate another individual, which can be physical, verbal, or psychological.

Verbal Tirade

A long, angry speech of criticism or accusation.

Overt Aggression

Direct and open hostile behavior or actions towards others.