In Order to Pay Off a Debt That He Took

question 202

Multiple Choice

In order to pay off a debt that he took out today, Roger will have to make a payment of $3,500 in 15 months and $5,500 in 36 months. The interest rate is 8% compounded quarterly. What is the total amount of interest that is included in these payments?

• A) $1,016.39
• B) $1,493.23
• C) $2,287.88
• D) $7,506.77
• E) $1,839.61

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Definitions:

Androgen Insensitivity Syndrome

A genetic condition where a person who is genetically male is resistant to male hormones, resulting in feminine physical traits.

Turner Syndrome

A chromosomal disorder affecting females, characterized by the partial or complete absence of one of the X chromosomes.

Dihydrotestosterone

A potent androgen hormone derived from testosterone that plays a key role in the development of male characteristics and the growth of body hair.

Ambiguous Genitalia

A condition where an individual's external genitalia do not appear clearly male or female, complicating sex determination at birth.