A Rule to Determine What Proportion of Each Loan Payment

question 73

Multiple Choice

A rule to determine what proportion of each loan payment is principal and interest is

• A)the law of 72.
• B)the N-ratio method.
• C)the rule of 78.
• D)the principal-interest mix.
• E)the add-on method.

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Definitions:

Homogeneity Of Attribution

The tendency to assume that individuals within a group share the same attributes, beliefs, or characteristics, often leading to stereotypes.

Explanatory Style

The tendency to use similar causal attributions for a wide variety of events in one’s life.

Self-enhancement

involves activities or thoughts that improve one’s self-esteem or self-image, often through comparison with others or focusing on positive feedback.

Internal Attributions

Ascribing the causes of behavior to personal dispositions, traits, abilities, and feelings.