Suppose People's Bank Offers to Lend You $10,000 for 1

question 43

Multiple Choice

Suppose People's bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $250.00 at the end of each quarter and then pay off the principal amount at the end of the year.What is the effective annual rate on the loan?

• A) 8.46%
• B) 8.90%
• C) 9.37%
• D) 9.86%
• E) 10.38%

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Definitions:

Inappropriate Touching

Touching another person in a way that is unwanted, without consent, or in a sexual manner that is inappropriate for the context or relationship.

Assailant

A person who physically attacks another, often used in contexts related to physical or sexual violence.

Abusive Adult

An adult who engages in behaviors that harm or mistreat others, particularly those in a position of vulnerability or dependency.

Child Sexual Abuse

Involves any sexual activity with a child by an adult or another child in a position of power or trust, recognized as abuse because a child cannot consent.