You Decide to Take Out a Car Loan for $20,000

question 80

Multiple Choice

You decide to take out a car loan for $20,000 at 7% APR for 60 months.How much are your monthly payments?

• A)$396.02
• B)$333.33
• C)$406.48
• D)$400.00
• E)$367.54

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Definitions:

Nonunion Workers

Employees who are not members of a labor union and do not receive the benefits or protections associated with union membership.

Nonagricultural Labor Force

Workers employed in sectors other than agriculture, encompassing industry, services, and other areas of employment.

Union Membership

Involves individuals joining together in a labor union or trade union to collectively negotiate wages, hours, benefits, and other working conditions.

Right-To-Work Laws

Legislation that prohibits compulsory membership in a labor union as a condition of employment.