You Need Some Money Today and the Only Friend You

question 101

Multiple Choice

You need some money today and the only friend you have that has any is your 'miserly' friend. He agrees to loan you the money you need,if you make payments of $20 a month for the next six months. In keeping with his reputation,he requires that the first payment be paid today. He also charges you 1.5% interest per month. How much money are you borrowing?

• A) $113.94
• B) $115.65
• C) $119.34
• D) $119.63
• E) $119.96

---

Definitions:

Encouragement

The action of giving someone support, confidence, or hope to stimulate or promote a desired behavior or action.

Intimate Space

Zone of space most often used for very personal or intimate interactions, ranging from 0 to 1½ feet between individuals.

Personal Space

Zone of space most often used for conversations with family and friends, ranging from 1½ to 4 feet between individuals.

Social Space

Zone of space most often used for group interactions, ranging from 4 to 12 feet between individuals.