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%

Recognize the role of consumers as active agents in the brand meaning creation process.

Understand the causes and prevention of desertification.

Recognize the chemical processes and environmental impacts of acid rain.

Know the pH value of unpolluted rainwater.

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Definitions:

Compound Interest

Interest calculated on the initial principal and also on the accumulated interest from previous periods.

Net Present Value

A method of evaluating investments by calculating the present value of all expected future cash flows, minus the initial investment cost.

Rate of Return

A measure of the gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.

Desired Rate

An anticipated rate of return on investment or interest rate target, often set as a benchmark for financial decisions or investment appraisal.