You Are Looking at a New $40,000 Sports Car and Wondering

question 68

Multiple Choice

You are looking at a new $40,000 sports car and wondering what the monthly payments will be.You plan to finance the car over five years at an interest rate of 12% compounded monthly. Yourmonthly payments will be

• A) $989.
• B) $1,110.
• C) $711.
• D) $890.

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Definitions:

Standard Deviations

Standard deviations are a measure of the amount of variation or dispersion in a set of values, indicating how much the values in a dataset deviate from the mean on average.

GMAT Scores

The results or scores obtained from taking the Graduate Management Admission Test, a standardized test for MBA admissions.

Standard Deviation

The standard deviation is a measure of the amount of variation or dispersion of a set of values.

Dispersed Distribution

A distribution where the values of the dataset are spread out or scattered widely.