MrsSingh Owes Mr

question 11

Multiple Choice

Mrs.Singh owes Mr.Valdy $55,513.78 in 14-months.Mr.Valdy agrees to let her repay the loan with a payment of $35,000 in 6-months,$10,000 in 8-months and $X in 14-months.If money is worth j₄ = 6%,what is the value of X,using 14-months as the focal date along with the exact method of crediting/charging interest?

• A)$8793.97
• B)$9204.40
• C)$9230.06
• D)$9794.03

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Definitions:

Ethical Competencies

The skills and knowledge required to act in ways that are morally acceptable and in accordance with ethical principles in professional settings.

Perceptual Competencies

The skills and abilities required to accurately perceive, assess, and understand environmental cues and human behaviors in order to make effective decisions.

Expressive Competencies

Skills related to effectively expressing oneself verbally or non-verbally, often important for interpersonal communication and leadership.

Big Five Personality Model

A theory that describes personality using five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.