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Suppose You Borrowed $75,000 at a Rate of 8

question 112

Multiple Choice

Suppose you borrowed $75,000 at a rate of 8.5% and must repay it in 5 equal installments at the end of each of the next 5 years.By how much would you reduce the amount you owe in the first year?

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Definitions:

Exclusionary Rule

A legal principle in the United States that prevents the government from using evidence gathered in violation of the Constitution in court.

Mapp

Relates to Mapp v. Ohio, a landmark Supreme Court case decided in 1961 that established the rule excluding illegally obtained evidence from being used in court under the Fourth Amendment.

Levels of Government

The division of government responsibilities into distinct branches (local, state, and federal) to prevent any one branch from exercising the core functions of another.

Exclusionary Rule

A legal principle in the United States that prohibits the use of evidence obtained in violation of the defendant's constitutional rights from being used in a court of law.

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