Calculating Interest Using the _____ Will Result in the Highest Annual

question 39

Multiple Choice

Calculating interest using the _____ will result in the highest annual percentage rate (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:

Biofeedback Training

A technique that teaches individuals to improve their health and performance by controlling physiological processes that normally happen involuntarily, such as heart rate or blood pressure.

Mindfulness Meditation

A meditation practice focusing on being intensely aware of what you're sensing and feeling in the moment, without interpretation or judgment.

Hypnosis

A trance-like state of focused attention, increased suggestibility, and heightened imagination, often used for therapeutic purposes.

Relaxation Training

A method that teaches individuals how to achieve a state of deep relaxation to alleviate stress and improve well-being.