A Recent College Graduate Buys a New Car by Borrowing

question 39

Multiple Choice

A recent college graduate buys a new car by borrowing $15,000 at 9.6%, compounded monthly, for 5 years. She decides to pay an extra $10 per payment. How many payments (that include the extra $10) will she make, including the final partial payment? ​

• A)51
• B)65
• C)70
• D)58
• E)61

---

Definitions:

Breach Of Trust And Confidence

This legal term refers to an act that undermines the trust and confidence between parties in a relationship, particularly in employment, where an employer significantly violates an implied term of mutual trust and confidence.

Shareholder Votes

The process by which shareholders express their preferences or make decisions on corporate matters, typically at annual meetings.

Employment Contracts

Legal agreements between employers and employees specifying the terms of employment, including duties, compensation, and duration of the employment.

Negligence Or Mismanagement

Failure to exercise appropriate care or the mismanagement resulting in harm or loss.