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:

Wavelengths

The distance between successive crests of a wave, typically used in the context of electromagnetic waves, sound waves, or other types of waves in physics.

Receptor Cells

Specialized cells in the body that convert external stimuli into electrical signals for the nervous system to process.

Cones

Retinal receptor cells that are concentrated near the center of the retina and that function in daylight or in well-lit conditions. The cones detect fine detail and give rise to color sensations.

Periphery

The external boundary or surface of an area or object, or those areas that lie beyond the central or main part.