Use the Information for the Question(s)below

question 85

Multiple Choice

Use the information for the question(s) below.
Two years ago, you purchased a new car. You financed your car for 60 months (with payments made at the end of the month) with a loan at 6.1% APR. Your monthly payments are $617.16 and you have just made your 24th monthly payment on your car.
-The amount of your original loan is closest to:

• A)$31 460
• B)$33 000
• C)$31 846
• D)$33 300

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Definitions:

Cognitive Development

The process by which individuals acquire and understand knowledge, including thinking, problem-solving, and decision-making, through various stages of growth.

Jean Piaget

A Swiss psychologist known for his pioneering work in child development, particularly his theory of cognitive development in children.

Strange Situation

A procedure developed by Mary Ainsworth in the 1970s to observe attachment relationships between a caregiver and child.

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.