Use the Information for the Question(s) Below

question 15

Multiple Choice

Use the information for the question(s) below.
You are in the process of purchasing a new automobile that will cost you $27,500. The dealership is offering you either a $2,500 rebate (applied toward the purchase price) or 1.9% financing for 48 months (with payments made at the end of the month) . You have been pre-approved for an auto loan through your local credit union at an interest rate of 6.5% for 48 months.
-If you forgo the $2,500 rebate and finance your new car through the dealership your monthly payments (with payments made at the end of the month) will be closest to:

• A) $593
• B) $652
• C) $595
• D) $541

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Definitions:

Photosynthetic Production

The creation of organic compounds from carbon dioxide and water by plants, algae, and certain bacteria, using sunlight as an energy source, essentially the output of photosynthesis.

Ant Species

Varieties within the family Formicidae, characterized by their social organization and roles in ecosystems.

Warm Season

The period of the year characterized by higher temperatures, typically resulting in increased biological activity and growth in many organisms.

Harsh Conditions

Environmental situations that are extreme and potentially detrimental to living organisms, such as high salinity, extreme temperatures, or low oxygen levels.