You Received a $5,000 Loan at the End of Each

question 7

Multiple Choice

You received a $5,000 loan at the end of each of your four years of college. Aunt Rose agreed to pay off your loans at the end of your fourth year of school. How much will she have to pay? Assume a 4% interest rate compounded annually on student loans.

• A) $20,000.
• B) $21,235.
• C) $39,930.
• D) $50,000.
• E) None of the other answers are correct.

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Definitions:

Bacteria

Microscopic, single-celled organisms found almost everywhere on Earth, some of which are beneficial, while others can cause diseases.

Mother-to-child Infections

Infectious diseases transmitted from a mother to her fetus or newborn during pregnancy, childbirth, or breastfeeding.

Chlamydia

A common sexually transmitted infection caused by the bacterium Chlamydia trachomatis, which can lead to serious reproductive and other health problems if untreated.

Gonorrhea

A sexually transmitted infection caused by the bacterium Neisseria gonorrhoeae, often resulting in no symptoms initially.