Solve the Problem

question 170

Multiple Choice

Solve the problem. Use an annual percentage rate table if necessary.
-Jennifer has a 60-month fixed installment loan, with a monthly payment of $168.01. The amount she borrowed was $8000. Instead of making her 12th payment, Jennifer is paying the remaining
Balance on the loan. What is the total amount due to pay off the balance (use the actuarial method) ?

• A)$6855.67
• B)$6765.67
• C)$6404.13
• D)$6687.65

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Definitions:

Gender Roles

Socially constructed roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.

Masculine Behaviors

Actions or traits traditionally associated with or expected of men in a given culture, often emphasizing attributes such as strength, dominance, and emotional restraint.

Feminine Behaviors

Actions or conduct culturally associated with women and girls, often influenced by societal norms, expectations, and roles.

Transsexual

An individual who experiences a gender identity that is incongruent with their assigned sex at birth and may seek to transition physically and legally to the gender with which they identify.