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:

Advantages

Benefits or favorable factors that contribute to success or achieving a goal.

Economic Issue

A problem or situation related to the economy that affects individuals, businesses, or governments.

Grooming

The process of making oneself neat and well-dressed, often required in professional environments; can also refer to preparing someone for a specific position or role.

CEOs Avoid

The strategic behaviors or actions that Chief Executive Officers choose not to engage in, often to mitigate risk or avoid negative outcomes.