MrHarry Leggs Borrows $5000 Today,due with Interest at J₄ =

question 10

Multiple Choice

Mr.Harry Leggs borrows $5000 today,due with interest at j₄ = 8% in one lump sum at the end of 2 years.Instead,Mr.Leggs wishes to pay $2000 six months from today and $X in 18 months.If money is worth j₁₂ = 6%,what is X?

• A)$3252.09
• B)$3346.29
• C)$3465.95
• D)$3562.23

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Definitions:

Homeostatic Adjustment

The process by which the internal environment of an organism is regulated to maintain stable conditions through physiological or behavioral feedback mechanisms.

Torpor

A state of decreased physiological activity in animals, usually characterized by a reduced body temperature and metabolic rate.

Estivation

A state of torpor caused by lack of food or water during periods of high temperature. Compare with hibernation.

Neuron Structure

Refers to the anatomy of a neuron which includes the cell body, dendrites, axon, and synaptic terminals.