The Total Amount of Interest That Will Be Paid on a 5-Year

question 83

Multiple Choice

The total amount of interest that will be paid on a 5-year, $90,000 note payable at 11% simple annual interest is?

• A)$1,980
• B)$9,900
• C)$49,500
• D)$139,500

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Definitions:

Kluckhohn

Kluckhohn refers to Clyde Kluckhohn, an American anthropologist known for his contributions to the study of culture, particularly cultural universals, variants, and personality.

Murray

Refers to Henry Murray, an American psychologist known for his theory of personality, which introduced concepts such as needs and press.

Trait Psychologists

Specialists in psychology who focus on identifying and measuring the characteristics that make up an individual's personality.

Trait Approach

A method in psychology focused on identifying and measuring the characteristic patterns of thought, feeling, and behavior that make up an individual's personality.