Kurt Has $4,500 for a Down Payment and Thinks She

question 1

Multiple Choice

Kurt has $4,500 for a down payment and thinks she can afford monthly payments of $300.If he can finance a vehicle with a 7%,4-year loan,what is the maximum amount Kurt can afford to spend on the car?

• A)$13,528
• B)$14,400
• C)$16,028
• D)$17,028
• E)$18,028

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Definitions:

Asserted

Stated confidently or declared as true.

Disjunctive Syllogism

A logical rule that concludes one disjunct must be false if the other is true, usually in the form: Either A or B; not A; therefore, B.

Unstated Premise

A component of an argument that is not expressed but is assumed to be true for the argument to hold.

Millionaires

Individuals whose net worth or wealth is equal to or exceeds one million units of currency.