Use the Appropriate Formula to Find the Amortization Payment You

question 105

Multiple Choice

Use the appropriate formula to find the amortization payment you would need to make each three months, at 8% interest compounded quarterly, to pay off a loan of $8,000 in 6 years.

• A) $1,730.52
• B) $422.97
• C) $1,288.29
• D) $316.61

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Definitions:

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, and experiences.

Dissociative Identity Disorder

A severe form of dissociation, a mental process which produces a lack of connection in a person's thoughts, memory and sense of identity.

The Helper

Typically refers to an individual or concept that provides assistance, support, or facilitation to others in various contexts.

Other Personalities

Refers to the existence or presentation of multiple distinct identities or personality states within a single individual, often related to dissociative identity disorder.