Eric Rose Wants to Buy a Used Ford Explorer That

question 10

Multiple Choice

Eric Rose wants to buy a used Ford Explorer that costs $26,000 with an interest charge of $3,000. If there are 50 equal payments required, what will Eric's monthly payment be?

• A)$580
• B)$850
• C)$520
• D)$250
• E)$500

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Definitions:

Amps

Short for Amperes, the unit of measure for electrical current, representing the flow of electric charge.

Electrical Current

The flow of electric charge carried by electrons moving through a conductor, measured in amperes.

Amperes

The unit of electrical current, representing the flow of electric charge per second.

Magnetic Field

A region around a magnetic material or a moving electric charge within which the force of magnetism acts.