You Are Saving Money to Buy a Car

question 46

Multiple Choice

You are saving money to buy a car. If you save $310 per month starting one month from now at an interest rate of 6%, how much will you be able to spend on the car after saving for 4 years?

• A) $10,062.20
• B) $20,124.40
• C) $16,770.33
• D) $23,478.46

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Definitions:

White-Collar Criminals

Individuals who commit non-violent, financially motivated crimes, typically involving fraud, embezzlement, or other forms of deceit carried out during professional employment or activities.

Punishment

A penalty imposed for wrongdoing, intended to correct, deter future offenses, and serve as retribution.

Mail Fraud

A criminal act involving the use of postal or electronic mail services to carry out a scam or fraudulent scheme.

False Pretenses

Obtaining money, property, or services from another through misrepresentation or deceit.