The Amount You Will Have to Pay Over a Given

question 9

Multiple Choice

The amount you will have to pay over a given period of time until the loan is repaid is called ________.

• A) payback
• B) principal
• C) present value
• D) debt service

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Definitions:

Perseverance

The continued effort to do or achieve something despite difficulties, failures, or opposition.

Long-term Goals

Objectives set with an extended timeframe in mind, usually exceeding one year, to achieve significant accomplishments.

Deliberate Practice

Carrying out carefully focused efforts to improve current performance.

Resilience

The capacity to recover quickly from difficulties; toughness or the ability to withstand adversity.