Matthew Wants to Take Out a Loan to Buy a Car.He

question 39

Multiple Choice

Matthew wants to take out a loan to buy a car.He calculates that he can make repayments of $4000 per year.If he can get a five-year loan with an interest rate of 7.5%,what is the maximum price he can pay for the car?

• A)$16,184
• B)$18,243
• C)$20,324
• D)$21,674
• E)$20,000

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Definitions:

Alkaline Medications

Drugs that increase the pH level of body fluids, often used to neutralize stomach acid or manage metabolic acidosis.

Gastric Mucosa

The mucous membrane lining the stomach, containing cells that produce stomach acid and enzymes necessary for digestion.

Absorbed

The process by which one substance becomes fully incorporated into another, or how energy or matter is taken in or soaked up.

Intramuscular (IM)

A method of administering medication or vaccines directly into a muscle.