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:

Manufacturing Bottlenecks

Points in the production process that cause delays due to limited capacity, resulting in slower overall throughput and efficiency.

Organisational Strengths

Internal capabilities and resources that give an organization competitive advantage and enable successful strategy execution.

Stakeholders Interests

The concerns, needs, or goals of individuals or groups that have a stake in the outcome of a project, organization, or initiative, influencing decisions and strategies.

Strategic Planning Process

A systematic series of steps that an organization follows to formulate and implement strategies aimed at achieving long-term goals.