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:

Cross-sectional Area

The area of an object or space as seen from a cut through the object, typically perpendicular to its longest dimension.

Volume

Volume is a measure of the amount of space that an object or substance occupies, commonly expressed in cubic units.

Maximum Sediment Grain Size

The largest diameter of individual grains in a sedimentary deposit, indicating the energy of the transporting medium.

Canyon

A deep gorge, typically with a river flowing through it, carved over time by the erosion of water and weathering processes.