You Are Interested in Purchasing a New Car That Costs

question 67

Multiple Choice

You are interested in purchasing a new car that costs $35 000. The dealership offers you a special financing rate of 6% APR (0.5% per month) for 48 months. Assuming that you do not make a down payment on the car and you take the dealer's financing deal, then your monthly car payments would be closest to:

• A)$842
• B)$729
• C)$822
• D)$647

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Definitions:

Noam Chomsky

An influential linguist, philosopher, cognitive scientist, historian, and social critic, known for his theory of generative grammar.

Dialect

A particular form of a language which is peculiar to a specific region or social group.

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A type of string or cord made from the fibers of the hemp plant, known for its durability and strength.

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Small decorative objects made from seashells, often used as jewelry or adornment, and one of the earliest known forms of personal expression and art by humans.