The Amount of Interest That Will Accumulate on an $8,000

question 38

Short Answer

The amount of interest that will accumulate on an $8,000 face value, 30-day note bearing interest at 12 percent is __________________.
8000 x 30/360 x .12 = 80.

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Definitions:

Control Group

In an experiment, the group not exposed to the treatment; contrasts with the experimental group and serves as a comparison for evaluating the effect of the treatment

Exposure Therapies

Psychological treatments involving repeated exposure to feared stimuli to reduce the fear response.

Client-centered Therapists

Therapists who practice a form of psychotherapy that emphasizes the importance of the therapeutic relationship and the client's potential for self-directed growth.

Nonverbal Behaviors

Forms of communication without the use of spoken language, including gestures, facial expressions, and body language.