You Have Been Offered Four Different Financing Schemes for a $30,000

question 79

Multiple Choice

You have been offered four different financing schemes for a $30,000 car.Which one should you choose?

• A) $5,000 down with the rest paid in equal monthly payments of $624.70 per month for 48 months
• B) $0 down with equal monthly payments of $960 per month for 36 months
• C) $15,000 down and a final payment of $18,550 two years from now
• D) have it financed with a bank loan at a quoted rate of 9.5% with loan repayments made monthly

---

Definitions:

Speed

The rate at which data is processed or transmitted, often critical in IT environments for efficiency and performance.

Cost

Refers to the value, typically in monetary terms, required to gain, produce, or maintain something.

Gesture Recognition

An input method that interprets human gestures, in an attempt for computers to begin to understand human body language.

Input Technology

Refers to the tools and methods used to input data into a computer system, including keyboards, mice, touch screens, and voice recognition systems.