Pete Size Read the Following Partial Advertisement: Price $20,999; Down

question 24

Essay

Pete Size read the following partial advertisement: Price $20,999; down payment $1,000; cash or trade; $390.85 per month for 60 months. Calculate (A) the total finance charge and (B) the APR by table lookup.
A. $3,452;
B. Between 6.25% and 6.5%

---

Definitions:

Duty of Care

A legal obligation to avoid conduct that could foreseeably harm others, often associated with negligence.

Legal Issue

A legal issue is a problem or dispute that involves matters governed by law, requiring the application of legal principles to resolve.

Discovery

The pre-trial phase in a lawsuit where each party investigates the facts of a case, by obtaining evidence from the opposing party and others.

Jury Rehear

Not a widely recognized legal term; potential confusion with "jury deliberation" or "jury rehearing," where a jury may be asked to reconsider aspects of a case.