On January 1, Pablo Borrows $5,000 with a Fixed Interest

question 13

Multiple Choice

On January 1, Pablo borrows $5,000 with a fixed interest rate on the loan of 10% and a loan term of 2 years. He will be making monthly payments of $230.72. How much of Pablo's fifth loan payment would be principal?

• A) $190.63.
• B) $192.22.
• C) $193.82.
• D) $195.43.

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Definitions:

Conscientiousness

A personality trait characterized by high levels of thoughtfulness, good impulse control, and goal-directed behaviors.

Big Five Personality

A model that describes personality based on five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Strengthsfinder Assessment

An online personal assessment test that helps individuals identify their top strengths, developed by the Gallup Organization.

Themes Of Talent

Overarching ideas or patterns observed in the identification, development, and management of individuals' innate abilities and strengths.