Psychologists usually attempt to determine whether or not data supports a hypothesis through the use of statistics which means gathering/collecting all data facts and important information.
        
             
        
        
        
Given:
Principal, P = 26500
term=5 years
Monthly payment, A = 695
Question: Find interest rate
Solution:
Unless there is a table available, there is no explicit formula to calculate interest.  However, the interest rate can be solved for using the formula to calculate the monthly payment, as follows.

Substituting 
P=26500
i=monthly interest rate to be found
A=monthly payment=695
n=5*12=60 months

Rearrange to give successive estimates of i by
I(i)=(695/26500)*((1+i)^60-1)/(1+i)^60
Try initial estimate of i=0.02  (2% per month)
I(0.02)=0.0182
I(0.0182)=0.01736
I(0.01736)=0.01689
....
Eventually we get the value to stabilize at i=0.016265, or
Monthly interest = 
1.6265% (to four decimal places)
 
        
        
        
We will classify Mary as been cyclically unemployed because she is unemployed due to the economic downturn.
Basically, the cyclical unemployment is the unemployment experience as a result of economic upturn and downturn. 
The cyclical type of unemployment are mostly experienced during economic recessions.
It is obvious that people were not buying as many cars because of economic downturn.
Therefore, in conclusion, we will classify Mary as been cyclically unemployed because she is unemployed due to the economic downturn.
Learn more about this here
<em>brainly.com/question/8865266</em>
 
        
             
        
        
        
Email can be both formal or informal however face to face communication is usually most effective in business.
<span />