Using the _____ Would Be Least Expensive for the Borrower When

question 32

Multiple Choice

Using the _____ would be least expensive for the borrower when determining the total amount to be paid to the lender.

• A)simple interest method
• B)add-on interest method
• C)discount method
• D)sum-of-the-digits method
• E)average loan balance method

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Definitions:

Reality Counselors

A term likely associated with approaches in counseling or psychotherapy that emphasize understanding and dealing with the present reality and practical steps for client improvement.

Components

The constituent parts or elements that make up a whole.

Reality Therapy

A therapeutic approach focused on problem-solving and making better choices in order to fulfill one's needs.

Personal Responsibility

The idea that individuals are responsible for their own actions and their consequences, including the improvement of their own lives.