You Are in the Process of Purchasing a New Automobile

question 6

Essay

You are in the process of purchasing a new automobile that will cost you $25,000.The dealership is offering you either a $1000 rebate (applied toward the purchase price)or 3.9% financing for 60 months (with payments made at the end of the month).You have been pre-approved for an auto loan through your local credit union at an interest rate of 7.5% for 60 months.Should you take the $2000 rebate and finance through your credit union or forgo the rebate and finance through the dealership at the lower 3.9% APR?

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Definitions:

Mental Demands

The cognitive and psychological efforts required by a job, including concentration, decision-making, memory, and problem-solving capabilities.

Ergonomic Challenge

Involves designing or arranging workplaces, products, and systems so that they fit the people who use them, often aiming to increase efficiency and reduce discomfort or injury.

Physical Strain

Stress or pressure applied to the body, often leading to fatigue or injury.

Information-Processing Requirements

The specific needs related to the collection, processing, and storage of data in an organization, influencing its informational systems design.