Assuming That You Can Afford a Car Payment of $400

question 56

Multiple Choice

Assuming that you can afford a car payment of $400 for 36 months,which of the following is closest to the annual interest rate you would need on a loan to borrow $12,000 for a new car?

• A)10.99 percent
• B)11.26 percent
• C)12.25 percent
• D)12.99 percent

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Definitions:

Dissociative Amnesia

A psychological disorder characterized by temporary memory loss that cannot be attributed to normal forgetfulness, often related to trauma or stress.

Fugue

A fugue is a psychiatric disorder characterized by reversible amnesia for personal identity, including the memories, personality, and other identifying characteristics of individuality.

Repression

The psychological attempt by an individual to block off and push into the unconscious components of the psyche that are considered threatening or unacceptable.

Regressive

Characterized by a return to a former or less developed state, often in behavior or developmental stages.