Solve. -Determine the Total Payment Over the Term of a Student

question 55

Multiple Choice

Solve.
-Determine the total payment over the term of a student loan of $60,097 at a fixed APR of 7% for 20 years.

• A)$111,823.54
• B)$111,802.23
• C)$111,853.35
• D)$111,898.07

---

Definitions:

Hide-and-seek

A popular children's game in which one player closes their eyes and counts while the others hide, then seeks them out.

Evolutionary Approach

A perspective in psychology and other fields that examines how evolutionary theory can explain human thoughts, behaviors, and emotions.

Personality Traits

Enduring characteristics or tendencies that define an individual’s behavior, thoughts, and emotions, contributing to their unique personality.

Genetic Encoding

refers to the biological process by which the information in genes is translated into the functional products, like proteins, that determine traits and characteristics of organisms.