What Is the Size of the Final Unequal Payment of a Loan

question 29

Multiple Choice

What is the size of the final unequal payment of a loan for $2723.44 if it has quarterly payments of $500? The interest rate is 8.4% compounded quarterly.

• A) $432.14
• B) $423.14
• C) $441.14
• D) $414.14
• E) $424.14

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Definitions:

Self-concept

An individual's perception and evaluation of themselves, encompassing beliefs, feelings, and thoughts about one's identity and abilities.

Self-esteem

An individual's subjective evaluation of their own worth or value.

Self-recognition

The ability of an individual to identify themselves as a separate entity from their environment and others, often tested through mirror recognition tasks.

Self-Perception Profile

A psychological assessment tool designed to measure an individual's perception or appraisal of their own abilities and attributes.