Marc Bought a New Car Last Year for $10,000

question 58

Multiple Choice

Marc bought a new car last year for $10,000.He can now sell the car for $8,500.To buy this year's model of the same car he would have to pay $11,000.What is the implicit rental rate using the car for one year at a zero percent interest rate?

• A)$2,500
• B)$3,500
• C)$1,000
• D)$10,000
• E)$1,500

---

Definitions:

Eating

The act of consuming food or substances to provide nutritional support for the body, a necessary action for survival.

Benefits

Advantages or positive outcomes gained from actions, decisions, or policies.

Adjustment Issues

Psychological difficulties in adapting to new or changing environments, situations, or life stages.

Parents Divorce

The legal termination of a marital relationship involving parents, which can have various emotional and psychological impacts on their children.