What Is the APR on a Loan with a Stated

question 10

Multiple Choice

What is the APR on a loan with a stated rate of 2.35 percent per quarter? 

• A) 9.40 percent 
• B) 8.69 percent 
• C) 8.38 percent 
• D) 8.90 percent 
• E) 9.74 percent 

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Definitions:

Two-sided Messages

Messages that present both the positive and negative aspects of an argument to persuade an audience more effectively.

Persuasion

The process of convincing others to change their attitudes, beliefs, or behaviors through argument, appeal, or explanation.

Ingratiation

A psychological strategy involving deliberate acts of flattery or friendliness by individuals to win over or gain favor with others.

Tactile Self-presentation

The deliberate use of physical touch or proximity in interpersonal interactions to influence one's own image.