If a Person Is Going to Borrow $30,000 for a Car

question 17

Multiple Choice

If a person is going to borrow $30,000 for a car and pay it off in monthly payments of $637.41 for 5 years the internal rate of return is

• A)0%.
• B)5%.
• C)10%.
• D)15%.

---

Definitions:

Pivot Joint

A pivot joint is a type of synovial joint that allows for rotational movement around a single axis, found in the neck and forearm.

Rotation

The act or process of spinning around an axis or center point.

Biaxial Joint

A type of synovial joint that allows movement in two planes, for example, the wrist or the ankle joints.

Ball and Socket

A type of synovial joint where a spherical head fits into a cup-like socket, allowing multi-directional movement and rotation.