Ima Baroque Wants to Borrow $100,000 in Order to Expand

question 76

Multiple Choice

Ima Baroque wants to borrow $100,000 in order to expand Bank,Rupp & Baroque,Inc.If she repays the money in equal monthly installments over two years,she can get an interest rate of 12%.What interest rate and periods should you use to calculate the amount of each installment payment?

• A)12% for twenty four periods
• B)1% for twenty four periods
• C)12% for two periods
• D)24% for one period

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Definitions:

Causation

The action of causing something, referring to a relationship where one thing is understood to be the result of the activity of another.

Reliability And Validity

Terms used in research and evaluation to describe the consistency (reliability) and accuracy (validity) of a measure or test.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, leading to a learned response.

Operant Conditioning

A learning process by which the strength of a behavior is modified by reinforcement or punishment.