Use Critical Thinking to Address the Key Issue

question 65

Short Answer

Use critical thinking to address the key issue.
-You plan to make a survey of 200 people. The plan is to talk to every 10th person coming out of the school library. Is there a problem with your plan?

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Definitions:

Equivalent Payment

A payment amount that equates the present value of two or more different payments.

Annum

A term denoting a year or a yearly period, often used in financial contexts to refer to annual amounts or periods.

Simple Interest

Interest calculated only on the principal amount, not on the interest that has been added over time.

Repay

The act of paying back money that was borrowed from a person or institution.