On January 12, Alex Has Student Loans Totalling $14,000

question 88

Multiple Choice

On January 12, Alex has student loans totalling $14,000. Alex agreed to a $200 per month repayment schedule at which time the annual interest rate was 5.5%. Determine the balance of the loan at the end of January.

• A) $13,840.08
• B) $13,845.20
• C) $13,881.91
• D) $13,728.47
• E) $13,990.64

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Definitions:

Glial Cells

Non-neuronal cells in the central and peripheral nervous systems that provide support and protection for neurons.

Mentalism

Explanation of behavior as a function of the nonmaterial mind.

Behavior

The actions or reactions of an individual, usually in relation to the environment, including activities and responses observable by others.

Adaptive Behavior

The range of skills and abilities that allow individuals to meet their needs, adjust to changes, and interact with their environment effectively.