Liam Had an Extension Built onto His Home

question 102

Multiple Choice

Liam had an extension built onto his home. He financed it for 60 months with a loan at 5.1% APR. His monthly payments were $650. How much was the loan amount for this extension?

• A)$34 360
• B)$34 420
• C)$34 000
• D)$34 842

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Definitions:

Biological Drives

Innate impulses that direct behavior, such as hunger, thirst, and the need for sleep.

Prohibitions

Strict rules or laws that forbid specific actions, behaviors, or the production and sale of certain goods.

Superiority

The state or condition of being superior, or higher in status, quality, or ability compared to others.

Biological Drives

Innate impulses directed towards the survival and reproduction of an organism, like hunger, thirst, and sex drive.