RGF Manufacturing Recently Signed a $200 000, 4- Month Note

question 58

Multiple Choice

RGF Manufacturing recently signed a $200 000, 4- month note on 22 June. The interest rate is 5%. How much total interest will be due on the note?

• A)$3 833
• B)$10 000
• C)$203 780
• D)$3 333

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Definitions:

Systematic Desensitization

A behavioral therapy technique used to reduce phobias through gradual exposure to the feared object or situation paired with relaxation techniques.

Person-Centered Therapy

A therapeutic approach founded by Carl Rogers that emphasizes an individual's self-worth and values being at the center of the therapy process.

Cognitive Consistency

A psychological theory that suggests individuals are motivated to maintain consistency between their beliefs, attitudes, and behaviors to reduce mental discomfort or dissonance.

Systematic Desensitization

A behavioral therapy technique used to reduce fear, anxiety, or aversions through gradual exposure to the feared object or situation combined with relaxation exercises.