Solve the Problem. -Barb Is Buying a New Car for $13,000. Her Old

question 256

Multiple Choice

Solve the problem.
-Barb is buying a new car for $13,000. Her old car has a trade-in Value of $2500. The dealer informs her that the financing charge is 7% add-on interest. If she wishes to take 2 years to pay off the car,
What will be the total amount to be repaid?

• A)$11,235.00
• B)$14,820.00
• C)$11,970.00
• D)$157,500.00

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Definitions:

Hostility/Aggression

Negative emotions or behaviors directed towards others, often stemming from anger or frustration.

Relationship

A connection, association, or involvement between two or more individuals, entities, or concepts, which can vary in nature and significance.

Communicating

The process of sharing information, feelings, or thoughts between individuals or groups through speaking, writing, or other methods.

Retreat

The act of withdrawing or moving back, often used in the context of strategic withdrawals in military operations or as a means of finding peace and quiet.