A Car Dealer Offers Payments of $522

question 35

Multiple Choice

A car dealer offers payments of $522.59 per month for 48 months on a $25,000 car after making a $4,000 down payment.What is the loan's APR?

• A) 6%
• B) 9%
• C) 11%
• D) 12%

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Definitions:

Large Intestine

The last part of the gastrointestinal tract and digestive system in vertebrates, responsible for water absorption and the transmission of waste material.

Saliva

A watery fluid produced by the salivary glands in the mouth, essential for chewing and digestion.

Mucus

A viscous, slippery secretion produced by, and covering, mucous membranes.

Esophageal Sphincter

A ring of muscle at the end of the esophagus that closes to prevent stomach acid from coming back up, and opens to allow food to enter the stomach.