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John Buys a Car for $20 000 on Kia Finance

question 80

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John buys a car for $20 000 on Kia finance with a simple interest of 5.99%. After one month he pays off the Kia finance using his secured line of credit which charges him 4% simple interest. He pays off the line of credit in 11 months. How much did he pay in total?


Definitions:

Somatogenic Perspective

The view that mental disorders originate from biological or physiological causes, emphasizing medical treatment.

Abnormality

A deviation from the norm or standard, especially in behavior, structure, or function, which may suggest a pathology or disorder.

Hippocrates

An ancient Greek physician often referred to as the "Father of Medicine," he laid the foundation for the practice of medicine based on observation and rationality.

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A broad array of mental illnesses affecting one's mood, cognition, and actions.

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