Use an Annual Percentage Rate Table to Solve the Problem

question 186

Multiple Choice

Use an annual percentage rate table to solve the problem.
-A homeowner installed a new swimming pool for $7000. He paid 10% down and then paid 36 Monthly payments of $197.42. Determine the APR of the loan to the nearest one-half of a percent.

• A) 8.0%
• B) 8.5%
• C) 9.0%
• D) 10.0%

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Definitions:

Two-Factor Motivation-Hygiene Theory

A theory proposed by Herzberg that suggests job satisfaction and dissatisfaction arise from two distinct sets of factors—motivation factors and hygiene factors.

Herzberg

A psychologist known for the two-factor theory, which distinguishes between factors that cause job satisfaction and dissatisfaction.

Theory Y Assumptions

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Management

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