Solve the Problem

question 97

Multiple Choice

Solve the problem. Round dollar amounts to the nearest cent. Use ordinary interest unless otherwise indicated.
-Frank borrowed $85,633 from the bank at 9.4% for 170 days to expand his bike shop. Find the maturity value.

• A)$89,487.69
• B)$89,434.15
• C)$89,161.55
• D)$89,602.62

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Definitions:

Dispositional Attribution

The tendency to attribute someone's behavior to their internal qualities or personality rather than to situational factors.

Collectivistic Remark

A statement or observation that emphasizes the importance of groups or communities over individuals.

Situational Attributions

The process of explaining the behavior of someone based on external factors or the situation surrounding the behavior, as opposed to internal personality traits.

Unconscious Motivation

Drives and desires that are not readily accessible to an individual's conscious awareness, yet influence behaviors and decisions.