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:

Blood Cell Formation

The process of creating new blood cells, also known as hematopoiesis, occurring mainly in the bone marrow.

Yolk Sac

One of the extraembryonic membranes that, in shelled vertebrates, contains yolk for the nourishment of the embryo, and in placental mammals is the first site for blood cell formation.

HCG

Human Chorionic Gonadotropin, a hormone produced during pregnancy by the placenta that supports the fetal egg after conception.

Trophoblast

Outer membrane surrounding the embryo in mammals; when thickened by a layer of mesoderm, it becomes the chorion, an extraembryonic membrane.