A Person Borrows $4000 at a Simple Interest Rate of 7%.They

question 60

Multiple Choice

A person borrows $4000 at a simple interest rate of 7%.They agree to repay the loan with payments of X at the end of 2 months,2X at the end of 4 months,and 2X at the end of 6 months.Using 6 months as the focal date,what is X?

• A)$798.20
• B)$809.12
• C)$820.34
• D)$828.00

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Definitions:

Emotion Distress

Negative feelings such as sadness, anxiety, or anger that can interfere with daily activities and overall wellness.

Destructive Thought

Negative or harmful patterns of thinking that can impair mental health and lead to maladaptive behaviors or attitudes.

Eating Watching TV

The habit of consuming food while viewing television, which can lead to mindless eating and potential negative health outcomes.

Tracking Methods

Techniques and tools used to monitor and record progress towards specific health, nutrition, or fitness goals.