Marla Borrows $4,500 at 12 Percent Annually Compounded Interest to Be

question 81

Multiple Choice

Marla borrows $4,500 at 12 percent annually compounded interest to be repaid in four equal annual installments.The actual end of year payment is: (Round to the nearest whole dollar)

• A) $942
• B) $1,125
• C) $1,482
• D) $2,641

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Definitions:

Naturalistic Observation

Descriptive method in which observations are made in a natural social setting. Also called field observation.

Double-Barreled

A characteristic of questions or issues that involve multiple aspects, which can confuse the responder or complicate the response.

Simplistic

Describes something that is overly simplified, lacking in complexity or nuance.

Loaded

Often relates to questions or statements designed to elicit emotional responses or contain an implicit assumption.