A $40,000 New Car Loan Is Taken Out with the Terms

question 30

Multiple Choice

A $40,000 new car loan is taken out with the terms 9% APR for 48 months.How much are monthly payments on this loan?

• A)$833.33
• B)$769.79
• C)$995.40
• D)$1002.56

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Definitions:

Discipline

The practice of training people to obey rules or a code of behavior, using punishment to correct disobedience.

Self-Control

The ability of an individual to regulate their emotions, thoughts, and behaviors in the face of temptations and impulses.

Innate

Traits, abilities, or qualities that are natural, inherent, or present from birth, not acquired through learning.

Permissive Parent

A parenting style characterized by a high degree of affection and minimal discipline, allowing children significant freedom and self-regulation.