Tasha Borrowed $11,000 to Purchase a New Car at an Annual

question 221

Multiple Choice

Tasha borrowed $11,000 to purchase a new car at an annual interest rate of 11%. She is to pay it back in equal monthly payments over a 3 year period. What is her monthly payment?

• A) $360.13
• B) $33.61
• C) $100.83
• D) $421.06

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Definitions:

Biodegradable Packaging

This is packaging made from materials that can break down and decompose naturally in the environment, minimizing pollution.

Corporate Social Responsibility (CSR)

A strategy in business that promotes sustainable development through the provision of economic, social, and environmental advantages for every stakeholder involved.

Organic Products

Goods produced through farming practices that avoid the use of synthetic chemicals, antibiotics, and genetically modified organisms (GMOs).

Economic Responsibilities

The obligations of an organization or individual to contribute positively to the economic system in which they operate.