To Calculate a Loan Payment,we First Compute ________ from the Quoted

question 4

Multiple Choice

To calculate a loan payment,we first compute ________ from the quoted interest rate of the loan,and then equate the outstanding loan balance with ________ of the loan payments and solve for the loan payment.

• A) the compounding rate; the present value
• B) the discount rate; the present value
• C) the discount rate; the future value
• D) the compounding rate; the future value

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Definitions:

Modeling

A method of learning that involves observing and imitating others' behavior.

Cognitive Theories

Theories in psychology that explain human behavior and mental processes through the study of how people think, perceive, remember, and learn.

Behavioral Theorist

A scholar or researcher who studies and explains human behavior through various theories and models, focusing on observable behavior and its triggers.

Conditioning

According to behaviorism, the processes of learning. The word conditioning emphasizes the importance of repeated experiences, as when an athlete conditions his or her body by training day after day.