Ming Is Getting Undressed in Her Room When She Notices

question 121

Multiple Choice

Ming is getting undressed in her room when she notices a person standing outside her window, staring at her. Ming:

• A) most likely knows the person.
• B) most likely is being viewed by a female.
• C) has every reason to be concerned, but most likely does not have to worry about the person trying to enter her home.
• D) has no legal basis for calling the police.

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Definitions:

Principal

The amount of money originally invested or loaned, on which basis interest and returns are calculated.

Effective Annual Rate

The interest rate on an investment or loan that considers the effects of compounding over a one-year period.

Interest

The cost of borrowing money, typically expressed as a percentage of the principal, to be paid over a specified period.

Annuity Due

A type of annuity in which payments are made at the beginning of each period, rather than at the end.