If a 9%,$100,000 Loan Has a Balance of $83,724 and an Annual

question 64

Multiple Choice

If a 9%,$100,000 loan has a balance of $83,724 and an annual payment of $13,965 is to be made,what will the allocation of principal and interest be?

• A) $9,000 interest, $4,965 principal
• B) $7,535 interest, $6,430 principal
• C) $6,430 interest, $7,535 principal
• D) $4,965 interest, $9,000 principal

---

Definitions:

Physical Age

A measure of how old a person is in years, as opposed to biological or psychological age, which may differ based on health or mental state.

Physical Health

The overall condition of the body, including the absence of disease, fitness level, and physical functioning.

Negative Correlation

A relationship between two variables in which an increase in one variable is associated with a decrease in the other.

Correlational Studies

Studies designed to yield information concerning the degree of relationship between two variables.