Answer:
$2,800
Explanation:
An interest only loan represents a type of loan offer where a borrower is only expected to pay the interest either for some of the term of the loan as agreed or for all of the terms of the loan. However, the principal amount that is collected remains constant all through the agreed interest -only period.
Since the loan obtained by John's Auto Repair is Interest Only, it means that the principal of $35,000 remains constant.
Hence, in the 8th year, John is expected to pay only the interest for the period =
0.08 x $35,000
= $2,800
Answer:
Insurance is the procedure by which persons or companies exposed to a specific risk agree with an institution specializing in compensation for damage that the institution will indemnify the damage caused when the risk materializes. The resulting contract is called insurance.
From a commercial point of view, insurance can be defined as the means by which the cost of incidental damage can be converted evenly into a continuous annual cost on an annual basis.
The still-face interaction paradigm
<span>An experimental task was introduced in 1978 to prove that infants actively contribute to social interaction. It is called the Still-Face Paradigm or SFP.</span>
<span>In the experiment, 3 phases of face-to-face interaction of infants with an adult were tested: the normal interaction, the still-face (where the adult becomes unresponsive and maintains a neutral facial expression), and a reunion where the adult resumes normal interaction.</span>
<span>Indeed, the still-face paradigm showed effects like increased gaze aversion and less smiling. </span>
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