Sue Obtains a One Year Loan of $3000 Based on an Annual

question 9

Multiple Choice

Sue obtains a one year loan of $3000 based on an annual interest rate of 12 percent.What would be the monthly payment to pay it off in one year?

• A)$278
• B)$280
• C)$303
• D)$266

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Definitions:

Bodily Health

The overall physical well-being of a person, including fitness level, the absence of disease, and the condition of bodily functions.

Watson

Refers to John B. Watson, an American psychologist who established the psychological school of behaviorism, emphasizing the study of observable behavior.

Allocare

The care of children by individuals other than their biological parents, often part of a community or social support system.

Biological Parents

Individuals who have conceived and given birth to, or provided the genetic material for a child.