Solve the Problem. -Suppose You Have a Student Loan of $100,000 with an $100,000

question 214

Multiple Choice

Solve the problem.
-Suppose you have a student loan of $100,000 with an APR of 7% for 25 years. If you decide you would like to pay off the loan in 10 years instead of 25, how much more will you have to pay each
Month?

• A)$478.30
• B)$464.30
• C)$470.30
• D)$454.30

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Definitions:

Higher-Order Conditioning

A form of learning where a stimulus is paired with a previously conditioned stimulus, causing the new stimulus to elicit the conditioned response without a direct association.

Extinction

In psychology, the process through which a conditioned response diminishes and eventually disappears as a result of the conditioned stimulus being presented without the unconditioned stimulus.

Conditioned Response

The learned response to a previously neutral stimulus that has become associated with an unconditioned stimulus in classical conditioning.

Food

Any nutritious substance that people or animals eat or drink to maintain life and growth.