You Are Considering Purchasing a New Automobile That Will Cost

question 69

Multiple Choice

You are considering purchasing a new automobile that will cost you $28,000.The dealer offers you 4.9% APR financing for 60 months (with payments made at the end of the month) .Assuming you finance the entire $28,000 and finance through the dealer,your monthly payments will be closest to:

• A)$1454
• B)$527
• C)$467
• D)$478
• E)$497

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Definitions:

Domestically

Pertaining to or within a specific country's borders, often in contrast to international or foreign.

Trade

The act of buying, selling, or exchanging goods and services between parties within an economy or between economies.

Imports

Goods or services brought into a country from abroad for sale.

Domestic Market

The supply and demand for goods and services within a country's borders.