You Borrow $10,000 to Pay for Your College Tuition

question 29

Multiple Choice

You borrow $10,000 to pay for your college tuition. The loan is amortized over a three-year period with an interest rate of 18%. What is your remaining balance at the end of Year Two?

• A) $7,201
• B) $4,599
• C) $3,898
• D) $3,303

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Definitions:

PR Team

A group of professionals specializing in public relations within an organization, responsible for managing the public image and communications.

Framing

The process of constructing and presenting information or issues in a specific way that influences how they are perceived and interpreted.

Robert Entman

A scholar known for his contributions to the field of communication studies, particularly in framing and media effects.

Agenda-setting Theory

Agenda-setting theory posits that media doesn't tell us what to think, but what to think about, by selecting the issues that receive extensive coverage, thus influencing the public's perception of what topics are important.