On the Day You Entered College You Borrowed $30,000 from Your

question 132

Multiple Choice

On the day you entered college you borrowed $30,000 from your local bank.The terms of the loan include an interest rate of 4.75 percent.The terms stipulate that the principal is due in full one year after you graduate.Interest is to be paid annually at the end of each year.Assume that you complete college in four years.How much total interest will you pay on this loan?

• A)$7,266.67
• B)$7,400.00
• C)$7,125.00
• D)$8,529.00
• E)$8,607.11

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Definitions:

Muscle Contraction

The process where muscle fibers actively shorten to produce movement or generate force in response to a stimulus.

Active Sites

Areas on enzymes that serve as the site for substrate molecules to attach and participate in a chemical reaction.

Calcium Ion Blocking

The process or action of inhibiting the movement of calcium ions through channels, affecting muscle contraction and other physiological activities.

Sarcoplasmic Reticulum

A specialized type of smooth endoplasmic reticulum in muscle cells, involved in the regulation of calcium ions concentration.