You Are Considering Purchasing a New Automobile That Will Cost

question 19

Multiple Choice

You are considering purchasing a new automobile that will cost you $28,000.The dealer offers you 4.9% APR financing for 60 months (with payments made at the end of the month) .Assuming you finance the entire $28,000 and finance through the dealer,your monthly payments will be closest to:

• A)$1454.
• B)$527.
• C)$467.
• D)$457.

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Definitions:

Buyer Power

The influence that customers have over a producing industry, often determining the market value and ensuring that services and products meet their needs.

Buyers

Individuals or entities that purchase goods or services for personal use or organizational needs.

Choices

The range of different options or decisions from which an individual can select or make a decision.

Technology

The use of scientific understanding to achieve practical goals, particularly within the industrial sector.