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

question 105

Multiple Choice

What is the size of the final unequal payment of a loan that has 69.47 payments and the equal payment size is $215.64? The interest rate is 3.1% per compounding period.

• A) $120.17
• B) $210.17
• C) $102.17
• D) $99.10
• E) $99.17

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Definitions:

Non-Accusatory Manner

Communicating or expressing oneself in a way that does not blame, accuse, or imply fault of another party.

Expressing Anger

The act of communicating or releasing feelings of anger in a manner that can range from assertive communication to aggressive behavior.

Emotional Control

The ability to manage and regulate one's emotional responses to situations in an effective manner.

Negative Emotions

are feelings that cause distress or discomfort, such as sadness, anger, fear, or jealousy.