On January 1, 2006, a Consumer Borrowed $10,000 for a Term

question 192

Multiple Choice

On January 1, 2006, a consumer borrowed $10,000 for a term of one year at an interest rate of 12 percent.How much principal and interest will the consumer pay back on January 1, 2007?

• A)$10,000
• B)$1,200
• C)$8,929
• D)$11,200

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Definitions:

Male-Dominated Society

A social system in which men hold primary power and predominate in roles of political leadership, moral authority, social privilege, and control of property.

Violence

The use of physical force or power, threatened or actual, against oneself, another person, or against a group or community, which either results in or has a high likelihood of resulting in injury, death, psychological harm, maldevelopment, or deprivation.

Acculturation

The process of cultural change and psychological change that results following meeting between cultures, involving the adoption of elements of a foreign culture by a group or individual.

Intensive Firsthand Contact

Direct and deep engagement with individuals, groups, or settings, often used in qualitative research to gain a detailed understanding of subjects' perceptions and behaviors.