Due to Poor Spending Habits, Ricky Has Accumulated $10,000 in Credit

question 37

Multiple Choice

Due to poor spending habits, Ricky has accumulated $10,000 in credit card debt. He has missed several payments and now the annual interest rate on the card is 18.95 percent! If he pays $175 per month on the card, how long will it take Ricky to pay off the card?

• A) 121.5 months
• B) 148.50 months
• C) 162.5 months
• D) Ricky never pays off the card.

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Definitions:

Brainstem

The lower extension of the brain where it connects to the spinal cord, involved in regulating vital functions such as heart rate, breathing, and sleep cycles.

Spinal Cord

The major bundle of nerves running down the spine, connecting the brain to the rest of the body, responsible for transmitting sensory and motor information.

Deafferentation

Loss of incoming sensory input, usually due to damage to sensory fibers; also, loss of any afferent input to a structure.