Your Uncle Will Sell You His Bicycle Shop for $170,000,with

question 159

Multiple Choice

Your uncle will sell you his bicycle shop for $170,000,with "seller financing," at a 6.0% nominal annual rate.The terms of the loan would require you to make 12 equal end-of-month payments per year for 4 years,and then make an additional final (balloon) payment of $50,000 at the end of the last month.What would your equal monthly payments be?

• A) $2,362.52
• B) $3,068.20
• C) $2,792.07
• D) $3,681.84
• E) $3,129.57

---

Definitions:

Chloroplasts

Organelles found in plant and algal cells that conduct photosynthesis, converting light energy into chemical energy.

Guard Cells

Specialized cells in the epidermis of leaves, stems, and other organs that regulate gas exchange and water loss by opening and closing stomata.

Stoma

A tiny opening or pore, found in the epidermis of leaves and stems, that is used for gas exchange.

Parenchyma

A type of plant tissue composed of living cells, often the most abundant type of cell in plants, involved in photosynthesis, storage, and regenerative processes.