Tasha Borrowed $13,000 to Purchase a New Car at an Annual

question 127

Multiple Choice

Tasha borrowed $13,000 to purchase a new car at an annual interest rate of 9%. She is to pay it back in equal monthly payments over a 5 year period. How much total interest will be paid over the period of the loan?
Round to the nearest dollar.

• A) $4145
• B) $3192
• C) $1457
• D) $98

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Definitions:

Punitive

Referring to punishment or penalties intended to correct or deter undesirable behaviors.

Infantile Level

Pertains to behavior, thinking, or attitudes that are considered characteristic of or resembling an infant or very young child.

Abnormal Person

An individual whose thinking or behavior deviates significantly from societal norms or expectations.

Personality

The mix of emotional, attitudinal, and behavioral reaction patterns characteristic of a person.