Solve for Y. -Hannah Borrowed $52,084 at 5% Simple Interest for 18 Months

question 93

Multiple Choice

Solve for y.
-Hannah borrowed $52,084 at 5% simple interest for 18 months. How much will the interest amount to? What is the total amount that she will have to pay back at the end of 18 months? Round answers
To the nearest cent if necessary.

• A) $3939.13; $56,023.13
• B) $3906.30; $55,990.30
• C) $3689.28; $55,773.28
• D) $4123.32; $56,207.32

Recognize the contributions of Gordon Allport to personality psychology and the concept of central traits.

Evaluate the empirical evidence regarding the effectiveness of personality assessments, such as the Myers-Briggs Type Indicator.

Understand the concept of heritability and its application to personality traits.

Comprehend the relationship between genes and personality, including the concept of genetic predisposition versus inevitability.

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Definitions:

Guaranteed Minimum

The lowest amount assured by a contract, regardless of external conditions or outcomes.

Annual Rates

Refers to the interest rate or growth rate over a one-year period, often used in financial contexts.

Strip Bond

A financial instrument resulting from the separation of the coupon payments and the principal of a regular bond, where each part is sold separately as a zero-coupon bond.

Market Yield

The return on investment for a security anticipated in the marketplace, reflecting its current price and income it generates.