Examlex
The payment made each period on an amortized loan is constant, and it consists of some interest and some principal.The closer we are to the end of the loan's life, the greater the percentage of the payment that will be a repayment of principal.
Self-Verification
A psychological theory suggesting individuals seek to confirm their self-concept, preferring feedback that aligns with their existing beliefs about themselves.
Effort Justification
The phenomenon whereby people reduce dissonance by convincing themselves that what they suffered for is actually quite valuable.
Self-Concept Clarity
The degree to which one's beliefs about oneself are clearly and confidently defined, internally consistent, and stable.
Self-Concept Clarity
The extent to which an individual's beliefs about themselves are clearly and confidently defined, internally consistent, and stable.
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