What Amount Could You Borrow at 6

question 83

Multiple Choice

What amount could you borrow at 6.6% compounded monthly if you can afford to make monthly payments of $775 for 25 years?

• A) $40,688
• B) $92,867
• C) $101,106
• D) $113,725
• E) $217,155

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Definitions:

Synaptic Pruning

The process by which extra neurons and synaptic connections are eliminated in the brain to increase the efficiency of neuronal transmissions.

Dendrites

The branched extensions of a neuron that receive signals from other neurons.

Brain Plasticity

The capacity of the nervous system to change its structure and function in response to experience or damage.

Proportions

The relationship in size, amount, degree, or number between two or more things; often involves mathematical ratio.