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:

Information Seek

The proactive effort to gather information from various sources for decision-making or problem-solving.

Context Of Socialization

The environment or circumstances in which the process of learning societal norms and behaviors takes place.

Collective-individual

Pertains to how individual actions or behaviors are influenced by, or contribute to, the collective group dynamics or outcomes.

Proactive Socialization

The process in which newcomers play an active role in their own socialization through the use of a number of proactive socialization behaviours.