The Bentley Azure Can Be Leased for Four Years for $0

question 70

Multiple Choice

The Bentley Azure can be leased for four years for $0 down and 48 monthly payments of $4,000 (due at the beginning of each month) .Today is the day that the first payment is due.If,instead,you save the payments in a bank account at the nominal annual rate of 7.5%,then how much money will you have at the end of the fourth year? (Round answer to the nearest whole dollar)

• A) $224,498
• B) $223,103
• C) $221,984
• D) $222,768
• E) $223,326

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Definitions:

Opioids

A class of drugs that include the illegal drug heroin, synthetic opioids such as fentanyl, and pain relievers available by prescription, used primarily for pain relief.

Cognitive

Relating to the mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.

Motivation

The psychological processes that arouse and direct goal-directed behavior, including factors that drive individuals to pursue certain actions and persist in them.

Affective

Relating to moods, feelings, and attitudes; often used in the context of emotional responses.