You Want to Buy a New Car

question 59

Multiple Choice

You want to buy a new car.The car you picked will cost you $32,000 and you decide to go with the dealer's financing offer of 5.9% compounded monthly for 60 months.Unfortunately,you can only afford monthly loan payments of $300.However,the dealer allows you to pay off the rest of the loan in a one time lump sum payment at the end of the loan.How much do you have to pay to the dealer when the lump sum is due?

• A) $14,000.00
• B) $21,890.43
• C) $25,455.37
• D) $22,071.75

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Definitions:

Personality Measurement

The process of assessing human personality constructs, often through standardized tests or surveys.

Objective Tests

Standardized exams that measure an individual's knowledge or skills in a specific area using questions with set answers.

Projective Tests

Psychological assessments that use ambiguous stimuli to elicit responses that may reveal facets of an individual's personality, conflicts, or psychological conditions.

Jung's Personality Theory

A psychological framework positing that the human psyche is made up of the ego, personal unconscious, and collective unconscious, along with archetypes.