You Have Just Taken Out a Loan for $75,000

question 17

Multiple Choice

You have just taken out a loan for $75,000. The stated (simple) interest rate on this loan is 10 percent, and the bank requires you to maintain a compensating balance equal to 15 percent of the initial face amount of the loan. You currently have $20,000 in your checking account, and you plan to maintain this balance. The loan is an add-on installment loan which you will repay in 12 equal monthly installments, beginning at the end of the first month.
-How large are your monthly payments?

• A) $6,250
• B) $7,000
• C) $7,500
• D) $5,250
• E) $6,875

Describe the patterns of memory loss associated with dissociative amnesia.

Explain the defining features of somatic symptom and related disorders as per DSM-5.

Understand the role of medication in the treatment of DID.

Identify the diagnostic criteria for conversion disorder.

---

Definitions:

Severe Depression

An extreme form of depression characterized by intense feelings of sadness, hopelessness, and worthlessness, often hindering daily functions.

Cognitive Therapy

A psychotherapeutic approach aiming to alter dysfunctional emotions, behaviors, and thoughts through a goal-oriented, systematic procedure.

Behavioral Activation Therapy

A treatment for depression that focuses on engaging patients in activities to improve mood and decrease depressive thoughts.

Psychodynamic Therapy

A therapeutic approach that emphasizes understanding the psychological roots of emotional suffering through introspection and self-examination.