You Currently Owe $1400 Today and $2317 in 195 Days

question 39

Multiple Choice

You currently owe $1400 today and $2317 in 195 days at a rate of interest of 7%. What is the single equivalent payment 150 days from today?

• A) $2297.18
• B) $2297.81
• C) $2279.18
• D) $2279.81
• E) $3737.45

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Definitions:

Social Control

Mechanisms, strategies, and institutions society uses to persuade or enforce conformity to its norms and laws.

Recidivism

The tendency of a convicted criminal to reoffend, often used in the context of the rate at which former prisoners commit crimes.

Released From Prison

The act of being discharged from incarceration after completing a sentence or being granted parole or pardon.

Labeling Theorists

Scholars who study how the application of labels (such as 'criminal' or 'deviant') affects individuals and societal perception.