If Your Installment Loan Has a Variable Interest Rate

question 10

Multiple Choice

If your installment loan has a variable interest rate,

• A)the rate will remain the same over the life of the loan.
• B)the amount you borrowed will change with interest rates.
• C)you cannot accurately predict the total interest you will pay on the loan.
• D)you can calculate the total interest you will pay on the loan.
• E)none of these are true.

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Definitions:

Sense of Taste

The ability to perceive and differentiate the flavors of substances, including sweetness, sourness, bitterness, saltiness, and umami.

Sense of Smell

The ability to detect and identify volatile substances through the olfactory system.

Place Theory

A theory in hearing that suggests different areas of the cochlea are activated by different frequencies of sound, enabling us to discern pitch.

Absolute Threshold

The minimum intensity of a stimulus required to be correctly perceived by sensory systems at least 50% of the time.