You Have Reviewed Your Budget and Determine That the Most

question 119

Multiple Choice

You have reviewed your budget and determine that the most you can afford on a car loan is $455 per month. What is the most you can borrow if interest rates are 7 percent and you can pay the loan over four years?

• A) $19,000.89
• B) $19,741.29
• C) $20,074.82
• D) $21,671.53

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Definitions:

Punishing

The act of imposing a penalty or sanction on someone as retribution for an offense or wrongdoing.

Harsh Penalties

Severe punishments or consequences imposed for violations of laws or regulations.

Congress

The national legislative body of the United States, consisting of the Senate and the House of Representatives.

Slave Markets

Places where enslaved individuals were bought and sold.