If You Borrow $50,000 at an Annual Interest Rate of 12

question 105

Multiple Choice

If you borrow $50,000 at an annual interest rate of 12% for six years,what is the annual payment (prior to maturity) on a fully amortized loan?

• A)$0.00
• B)$6,000.00
• C)$8,333.33
• D)$12,161.29

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Definitions:

Consistency

The quality of being stable, reliable, and uniform over time in thoughts, behaviors, or performance.

Negative Punishment

A loss or unavailability of reinforcement because of inappropriate behavior.

Omission Training

A learning process in which the reinforcement is omitted or withdrawn when a certain behavior is performed, leading to a decrease in that behavior.

S-R Association

A connection formed between a specific stimulus and its consequent response, fundamental to the learning process in behaviorism.