Kim Has Just Graduated from Law School

question 15

Multiple Choice

Kim has just graduated from law school. She had taken an education loan of $45,000, which now needs to be repaid in equal monthly installments over the next 6 years. What is the amount of the monthly loan payment, if the loan carries a simple annual interest of 5%? Use a calculator to make the calculation and round your answer to two decimal places.

• A) $689.76
• B) $663.85
• C) $702.46
• D) $658.92
• E) $725.55

---

Definitions:

Stereotyping

Assigning generalized attributes to individuals based on their membership in a particular group, without acknowledging individual differences.

Projection

A psychological defense mechanism where individuals attribute their own unacceptable thoughts, feelings, or motives to someone else.

Expectations

Beliefs or anticipation about the way events, behaviors, or processes should unfold.

Self-Disclosure

The act of revealing personal information about oneself to others, which can build trust and foster closer relationships.