You're Ready to Make the Last of Four Equal,annual Payments

question 41

Multiple Choice

You're ready to make the last of four equal,annual payments on a $1,000 loan with a 10% interest rate.If the amount of the payment is $315.47,how much of that payment is accrued interest?

• A) $28.68
• B) $31.55
• C) $100.00
• D) $315.47

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Definitions:

Cerebellum

A part of the brain at the back of the skull in vertebrates, involved in coordinating movement and balance.

Limbic System

A complex system of nerves and networks in the brain, involved with instinct and mood, controlling basic emotions and drives.

Endocrine System

A network of glands in the body that produce and release hormones directly into the bloodstream to regulate body functions.

Hypothalamus

A brain region acting as a crucial center for regulating temperature, hunger, thirst, and other critical physiological processes.