Suppose You Take Out a Loan for 180 Days in the Amount

question 81

Multiple Choice

Suppose you take out a loan for 180 days in the amount of $13,500 at 11% ordinary interest. After 50 days, you make a partial payment of $1,000. What is the final amount due on the loan? (Round to the nearest cent)

• A) $13,210.97
• B) $13,698.82
• C) $13,242.50
• D) $13,232.33

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Definitions:

Schizoid Personality Disorder

A personality disorder characterized by a persistent avoidance of social relationships and limited emotional expression.

Paranoid Personality Disorder

A personality disorder marked by a pattern of extreme distrust and suspiciousness of others.

Psychodynamic

Refers to a psychological approach that emphasizes unconscious psychological processes (e.g., desires, feelings) in influencing human behavior and thoughts.

Paranoid Personality Disorder

A mental health disorder characterized by pervasive distrust and suspicion of others' motives, leading to social detachment and hostility.