You Have Borrowed $1000 from a Friend to Pay for Unforeseen

question 45

Multiple Choice

You have borrowed $1000 from a friend to pay for unforeseen car repairs,with an agreement to pay interest at an annual rate of 18%,compounding daily.If you repaid your friend after 90 days,how much would you need to repay?

• A)$1044.38
• B)$1045.00
• C)$1045.37
• D)$1043.56

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Definitions:

Teratogen

Any agent that can cause developmental malformations (birth defects) in a fetus when exposure occurs during pregnancy.

Environmental Toxins

Harmful pollutants or chemicals present in the environment that can cause adverse health effects on humans and wildlife.

Alcohol

A psychoactive substance that is found in beverages such as beer, wine, and spirits, and can alter mood, cognition, and behavior.

Fetal Stage

The final phase of prenatal development, starting from the ninth week of pregnancy until birth, during which significant growth and maturation of organs occur.