The Monthly Payment on an 8%,36-Month,add-On Loan of $10,000 Would

question 16

Multiple Choice

The monthly payment on an 8%,36-month,add-on loan of $10,000 would be:

• A)$278.
• B)$300.
• C)$314.
• D)$344.
• E)$380.

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Definitions:

Defence Mechanism

Unconscious psychological strategies brought into play by various entities to cope with reality and to maintain self-image.

Rationalization

The process of providing a logical, plausible, and socially acceptable explanation for behaviors that might otherwise be perceived as irrational.

Defence Mechanism

Psychological strategies brought into play by individuals, groups, or even nations to cope with reality and maintain self-image.

Identification

The process of recognizing and acknowledging something or someone as being a specific person or thing.