Solve. -Determine How Much of the Total Loan Payment Applies Toward

question 246

Multiple Choice

Solve.
-Determine how much of the total loan payment applies toward principal and how much applies toward interest for a student loan of $61,811 at a fixed APR of 5% for 12 years.

• A)$61,811 pays off the principal and $20,493.66 represents interest payments.
• B)$61,811 pays off the principal and $20,536.46 represents interest payments.
• C)$61,811 pays off the principal and $20,511.50 represents interest payments.
• D)$61,811 pays off the principal and $20,573.89 represents interest payments.

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Definitions:

Larger Brains

Refers to species or individuals that have relatively bigger brains, often associated with higher cognitive functions.

Primates

An order of mammals including humans, monkeys, and apes, characterized by large brains, forward-facing eyes, and opposable thumbs.

Brain Size

The volume or weight of the brain, often discussed in relation to body size or intelligence across different species.

Radiator Hypothesis

The theory suggesting that the design of the human brain's vascular system evolved to help dissipate heat generated by increased metabolic activity.