You Are Interested in Purchasing a New Automobile That Costs

question 34

Multiple Choice

You are interested in purchasing a new automobile that costs $35,000.The dealership offers you a special financing rate of 6% APR (0.5%) per month for 48 months.Assuming that you do not make a down payment on the auto and you take the dealer's financing deal,then your monthly car payments would be closest to:

• A)$729.
• B)$822.
• C)$842.
• D)$647.

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Definitions:

Herman Kahn

An American futurist and military strategist known for his works on nuclear strategy and scenarios of potential future conflicts.

Strategic Management

A management approach focused on setting goals, analyzing competitive environments, defining strategies, and allocating resources to achieve long-term objectives.

Strategic Planning

The process of defining an organization's strategy or direction and making decisions on allocating resources to pursue this strategy.

Social Media

Digital platforms that facilitate the creation and sharing of information, ideas, interests, and other forms of expression through virtual communities and networks.