Cassady, Inc

question 11

Multiple Choice

Cassady, Inc.borrowed $25,000 for 3 months at an APR of 10%.The amount of interest paid on this loan was:

• A)$1,200.
• B)$600.
• C)$625.
• D)$2,500.

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Definitions:

Self-Fulfilling Prophecy

An anticipation that, by directly or indirectly influencing behaviors and beliefs through a positive feedback cycle, ensures its own realization.

Actor-Observer Effect

The tendency to attribute one's own actions to external causes while attributing others' actions to their character or personality.

Interested

Having an attraction or curiosity about something or someone.

Uninterested

describes a lack of interest or concern about something or someone.