Pete Size Read the Following Partial Advertisement: Price $20,999; Down

question 51

Short Answer

Pete Size read the following partial advertisement: Price $20,999; down payment $1,000; cash or trade; $390.85 per month for 60 months. Calculate (A)the total finance charge and (B)the APR by table lookup.

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Definitions:

Reflex Response

is an automatic, involuntary reaction to a stimulus that does not involve a conscious decision to act.

Classical Conditioning

An educational method where two signals are consistently linked together, leading to a reaction initially triggered by the second signal, being ultimately triggered by just the first one.

Operant Conditioning

A learning process through which behavior is shaped by reinforcement or punishment.

Latent Learning

A type of learning that occurs without any obvious reinforcement of the behavior or associations that are learned.