Use of Financial Calculator TI BA II Plus Required

question 57

Multiple Choice

Use of Financial Calculator TI BA II Plus required. How much more interest will you pay on a $10 000 loan at 12 percent calculated monthly versus the same loan at 12 percent calculated annually?

• A)$61.62
• B)$120.00
• C)$68.00
• D)$36.00

---

Definitions:

Growing Affection

The gradual increase of fondness or love towards someone or something.

Reflective Listening

Reflective Listening is a communication strategy involving actively listening to the speaker and then reflecting or paraphrasing what was said to confirm understanding.

Client-Centered

A therapeutic approach focusing on providing a supportive environment where clients lead their path to self-discovery and healing.

Behavior Therapy

A type of psychotherapy that focuses on changing undesirable behaviors through conditioning and other learning techniques.