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Describe the Risk,needs,and Responsivity (RNR) Principles of Correctional Programming and Why

question 18

Essay

Describe the risk,needs,and responsivity (RNR) principles of correctional programming and why they are important to the success of programming.


Definitions:

Compounded Monthly

Interest on an investment or loan calculated on a monthly basis, where the interest earned each month is added to the principal, and future interest is based on this new amount.

Corporate Bond Fund

A corporate bond fund is an investment fund that focuses on investing in the corporate debt securities of varying credit ratings and maturities.

Equal Annual Installments

A repayment structure where the borrower pays back a loan in fixed amounts each year until the full amount is repaid.

Compounded Annually

A method of calculating interest where the interest earned each year is added to the principal, so the balance doesn't merely grow, it grows at an increasing rate.

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