Kurt Has $4,500 for a Down Payment and Thinks He

question 11

Multiple Choice

Kurt has $4,500 for a down payment and thinks he can afford monthly payments of $300. If Kurt can finance a vehicle with a 7%, 4-year loan from the automobile dealer, what is the maximum amount he can afford to spend on the car? (Round to the nearest dollar.)

• A)$12,528
• B)$14,400
• C)$16,028
• D)$17,028
• E)$18,028

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Definitions:

Moro Reflex

An involuntary reflex found in infants, which is triggered by a sudden lack of support, causing the baby to feel as if it is falling.

Rooting Reflex

An automatic response seen in newborns, who turn their head toward anything that strokes their cheek or mouth, aiding in the act of breastfeeding.

Walking Reflex

An innate reflex in infants that causes them to make stepping motions if they are held upright with their feet touching a solid surface.

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The ability to perceive and differentiate various colors.