A Debt of $12 500

question 31

Essay

A debt of $12 500.00 with interest at 5.5% compounded semi-annually is amortized by making payments of $1000.00 at the end of every six months. Calculate the outstanding balance after five years.

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Definitions:

Political Behavior

Actions and strategies used by individuals or groups within an organization to gain power, influence decisions, and achieve specific goals.

Referent Power

A form of influence that stems from the leader’s ability to be admired and respected, thus inspiring others to follow.

Expert Power

The influence and authority one has due to one's skills, experience, or knowledge in a particular area.

Coercive Power

The ability of a person to force others to comply with demands or obey orders through the threat of punishment or negative consequences.