Henry Has $2,500 for a Down Payment and Thinks He

question 148

Multiple Choice

Henry has $2,500 for a down payment and thinks he can afford monthly payments of $400.If he can finance a vehicle with an 8%,3-year loan,what is the maximum amount Henry can spend on the car?

• A)$12,765
• B)$14,400
• C)$14,079
• D)$15,265
• E)$16,879

---

Definitions:

Maturational Crisis

A crisis that occurs as a result of reaching a new developmental stage in life, often requiring an individual to acquire new coping mechanisms to adapt effectively.

Reactive Crisis

A crisis that emerges in response to an unanticipated event, causing stress or disruption in one's life or organization.

Adventitious Crisis

A crisis resulting from unexpected external stressors or traumatic events, not predicted as part of normal life.

Triage Nurse

A specialized nurse responsible for assessing patients on arrival to determine their need for urgent care based on the severity of their condition.