Chase Purchased a $23,000 Car Three Years Ago Using a 14

question 112

Multiple Choice

Chase purchased a $23,000 car three years ago using a 14 percent, 6-year car loan. He has decided that he would sell the car now if he could get a price that would pay off the balance of his loan. What is the minimum price Chase would need to receive for his car? (Assume monthly payments.)

• A) $12,592.41
• B) $13,866.82
• C) $14,136.72
• D) $14,809.48

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Definitions:

Thrust Faults

A type of fault where the hanging wall moves upward relative to the footwall, typically associated with compressional tectonic forces.

Seismic Waves

Vibrations that travel through Earth's interior or along its surface, generated by earthquakes, volcanic eruptions, or manmade explosions.

Surface Waves

Types of seismic waves that travel along the Earth's surface, causing ground movement in all directions, often responsible for earthquake damage.

P-Waves

Primary waves, or compressional waves, which are the fastest kind of seismic wave and can travel through solid, liquid, or gas layers of the Earth.