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

---

Definitions:

Insert a Citation

Adding a reference to a source of information within a document to substantiate facts or support arguments.

Mark Entry

A command used in word processing software to mark text for inclusion in an index listing within the document.

Document's Index

A list of terms and topics along with page numbers, found at the end of a book or document, facilitating quick access to information.

Insert Endnote

A feature in word processing software that allows users to add a note or reference at the end of a document or section, typically for citation purposes.