A House Costs $148,000

question 2

Multiple Choice

A house costs $148,000. It is to be paid off in exactly ten years, with monthly payments of $1737.54. What is the APR of this loan?

• A) 6.25%
• B) 5.25%
• C) 7.25%
• D) 8.25%

---

Definitions:

Target Public

The specific group of people at whom public relations or marketing activities are directed, often a key audience for a company or organization.

Social Proof

The psychological phenomenon where people assume the actions of others in an attempt to reflect correct behavior for a given situation.

Group Conformity

The phenomenon where individuals in a group tend to match their beliefs, attitudes, and behaviors to those of the group.

Cialdini

Refers to Robert Cialdini, renowned for his research in the psychology of persuasion and how it is applied in marketing and influence strategies.