You Decide to Take Out a Car Loan for $34,575

question 12

Multiple Choice

You decide to take out a car loan for $34,575 at 4% APR for 72 months.How much are your monthly payments?

• A)$480.21
• B)$540.93
• C)$1,470.30
• D)$549.63
• E)$499.42

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Definitions:

Desktop Computer Sales

The volume or monetary value of desktop computers sold in a specific time frame, reflecting consumer demand and technological trends.

Computer Company

A business entity that designs, manufactures, markets, or sells computer hardware, software, or related services.

Price Elasticity of Supply

A measure of how much the quantity supplied of a good responds to a change in the price of that good, represented as a ratio of percentage change in quantity supplied to the percentage change in price.

Prices of Antiques

The monetary value or cost of objects that are significant due to their age, rarity, or cultural importance.