Jana Has $1,500 for a Down Payment and Thinks She

question 111

Multiple Choice

Jana has $1,500 for a down payment and thinks she can afford monthly payments of $300.If she can finance a vehicle with a 7%,4-year loan,what is the maximum loan amount Jana can afford?

• A) $12,528
• B) $14,208
• C) $16,028
• D) $17,900
• E) $18,028

---

Definitions:

Mass Production Technologies

Techniques and tools used in the production of large quantities of standardized products, typically utilizing assembly lines and automation to achieve high efficiency and lower costs.

Human Resource Management

The strategic approach to the effective management of people in an organization, focusing on maximizing employee performance.

Factory Jobs

Positions or employment opportunities within manufacturing plants or production facilities, often involving manual labor or operating machinery.

Virtual Workforce

A group of employees who work remotely from various locations, often utilizing digital communication technologies to perform their duties.