Trek Company Signed a 9%, 10-Year Note for $150,000

question 49

Multiple Choice

Trek Company signed a 9%, 10-year note for $150,000. The company paid $1,900 as the installment for the first month. After the first payment, what is the updated principal balance?

• A)$147,625
• B)$159,430
• C)$149,225
• D)$159,100

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Definitions:

Perceived Threat

An individual's assessment of potential harm or danger posed by a specific situation or entity.

Protection Motivation Theory

A psychological theory that explains how individuals are motivated to protect themselves from harmful or threatening situations, focusing on the roles of threat appraisal and coping appraisal.

Health Program

A planned set of activities aimed at promoting physical and mental well-being and preventing illness.

Theory Of Reasoned Action

Fishbein and Ajzen’s theory of the relationship between attitudes and behaviour. A specific attitude that has normative support predicts an intention to act, which then predicts actual behaviour.