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:

Classical Conditioning

A learning process in psychology that occurs when two stimuli are repeatedly paired; a response that is initially elicited by the second stimulus is eventually elicited by the first stimulus alone.

Marketers

Professionals who are involved in the creation, communication, delivery, and exchange of offerings that have value for customers, clients, partners, and society at large.

Classical Conditioning

An educational method where learning happens via linking an external stimulus with a naturally happening stimulus.

Correct Terminology

The use of appropriate, precise, and agreed-upon words and phrases in a specific field of study, profession, or context.