Suppose You Borrowed $15,000 at a Rate of 8

question 92

Multiple Choice

Suppose you borrowed $15,000 at a rate of 8.5% and must repay it in 5 equal installments at the end of each of the next 5 years.How much would you still owe at the end of the first year, after you have made the first payment?

• A) $10,155.68
• B) $10,690.19
• C) $11,252.83
• D) $11,845.09
• E) $12,468.51

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Definitions:

Reciprocal

Involving a mutual exchange or relationship in which both parties give and receive something of equal value.

DSM-5

Used extensively by healthcare experts, the Fifth Edition of the Diagnostic and Statistical Manual of Mental Disorders is the definitive resource for identifying mental health issues.

Personality Disorders

A category of mental disorders characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts and deviating from those accepted by the individual's culture.

Pathological Personality Traits

Enduring, maladaptive patterns of behavior and inner experience that deviate markedly from the expectations of an individual's culture.