You Are Considering Purchasing a New Car That Will Cost

question 76

Multiple Choice

You are considering purchasing a new car that will cost you $28,000. The dealer offers you 4.9% APR financing for 60 months (with payments made at the end of the month) . Assuming you finance the entire $28,000 and finance through the dealer, your monthly payments will be closest to:

• A) $527
• B) $478
• C) $467
• D) $1454

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Definitions:

Extrinsic Motivators

External incentives such as rewards or punishments that encourage a person to perform an activity, regardless of whether the activity is inherently enjoyable.

Money

A medium of exchange, unit of account, and store of value used to facilitate transactions and measure the value of goods and services.

Fame

The state of being widely known and recognized by the public, often due to achievements or notable qualities.

Transform a Problem

The process of changing a challenge in a way that makes it manageable or beneficial.