Calculating Interest Using the _____ Will Result in the Highest APR

question 27

Multiple Choice

Calculating interest using the _____ will result in the highest APR on a single-payment loan.

• A)double declining balance method
• B)discount method
• C)average loan balance method
• D)simple interest method
• E)add-on method

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Definitions:

Object Relationship Therapy

Object Relationship Therapy is a form of psychotherapy that examines the significance of interpersonal relationships in the formation of self-identity and the impact they have on emotional development and mental health.

Cognitive-behavioral Therapy

A form of psychological treatment that addresses dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic process.

Dramatic Personality Disorders

A cluster of disorders characterized by dramatic, emotional, or erratic behavior, including borderline, narcissistic, histrionic, and antisocial personality disorders.

Borderline

Pertaining to or characteristic of a borderline personality disorder, a mental health condition marked by unstable moods, behaviors, and relationships.