You Are Considering Purchasing a New Automobile That Will Cost

question 69

Multiple Choice

You are considering purchasing a new automobile that will cost you $28,000.The dealer offers you 4.9% APR financing for 60 months (with payments made at the end of the month) .Assuming you finance the entire $28,000 and finance through the dealer,your monthly payments will be closest to:

• A)$1454
• B)$527
• C)$467
• D)$478
• E)$497

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Definitions:

Ticket Price

The cost associated with purchasing a ticket to gain entry to an event, performance, or mode of transportation.

All You Can Eat

A service model where diners pay a set fee to consume as much food as they desire from a specific selection.

Consumption

The use of goods and services by households.

Additional Item

A supplementary product or service added to an existing order or purchase.