If You Owe $1,200

question 15

Multiple Choice

If you owe $1,200.00, which is the most advantageous way to pay it back assuming a 12% APR discount rate?

• A)$100.00 monthly payments over the next twelve months
• B)$300.00 quarterly payments over the next four quarters
• C)$600.00 paid every six months over the next year
• D)$1,200.00 paid after one year

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Definitions:

Buffering

Pushing apart; having distance, space, and privacy as an individual within the family unit.

Mesosystem

The quality of relationships among the people in a child’s microsystem.

Exosystem

A concept in ecological systems theory referring to the external social settings that indirectly influence an individual's development.

Chronosystem

Part of the ecological systems theory, it encompasses the dimension of time as it relates to an individual's environments and life events.