Solve the Problem

question 61

Multiple Choice

Solve the problem. Round to the nearest cent as needed.
-The monthly payments on a $79,000 loan at 14% annual interest are $982.76. How much of the first monthly payment will go toward interest?

• A) $921.67
• B) $845.17
• C) $137.59
• D) $1106.00

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Definitions:

Move to Another Company

The process of leaving one's current employer to work for a different organization.

Goal-Setting Theory

A theory that suggests that specific and challenging goals, along with appropriate feedback, contribute to higher and better task performance.

Conscious Goals

Goals that are deliberately set and pursued with awareness and intention.

Human Performance

The study and application of psychological principles and techniques to improve the effectiveness, efficiency, and well-being of individuals in various settings.