Sam Has a Loan That Requires a Single Payment of $4,000

question 8

Multiple Choice

Sam has a loan that requires a single payment of $4,000 at the end of 3 years.The loan's interest rate is 6%,compounded semiannually.How much did Sam borrow?

• A)$3,358.40
• B)$4,000.00
• C)$3,660.40
• D)$4,776.40
• E)$3,350.00

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Definitions:

Externals

People who perceive the ability to attain reinforcements as being largely outside themselves.

Internals

People who perceive the ability to attain reinforcements as being largely within themselves.

Stressful Situations

Scenarios that trigger a physical or psychological stress response due to perceived challenges or threats.

Reinforcements

In psychology, any stimulus that strengthens or increases the probability of a specific response.