A Small Business Owner Visits His Bank to Ask for a Loan

question 75

Multiple Choice

A small business owner visits his bank to ask for a loan. The owner states that she can repay a loan at $1,500 per month for the next 3 years and then $500 per month for three years after that. If the bank is charging customers 10 percent APR, how much would it be willing to lend the business owner?

• A) $32,019.95
• B) $57,980.57
• C) $61,982.47
• D) $192,119.70

---

Definitions:

REM

Rapid Eye Movement, a phase of sleep characterized by quick movements of the eyes, increased respiration rate, and vivid dreams.

N2

A component of the Event-Related Potential (ERP) that is associated with cognitive control and the detection of novelty.

Barbiturates

Depressant drugs that have a sedative effect.

Drug Interaction

Drug interaction involves the modification of the effect of one drug by the prior or concurrent administration of another drug, which can enhance or diminish the overall effect.