Ursula Wants to Buy an $18 999 Used Car

question 35

Multiple Choice

Ursula wants to buy an $18 999 used car. She has savings of $2 000 plus an $800 trade-in. She wants her monthly payments to be about $272. Which of the following loans offers monthly payments closest to $270?

• A)6.5% APR for 36 months
• B)6.5% APR for 48 months
• C)6.5% APR for 72 months
• D)6.5% APR for 60 months

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Definitions:

Pancreatitis

Inflammation of the pancreas, which can cause severe abdominal pain and is often associated with excessive alcohol consumption or gallstones.

Cholangiopancreatography

A medical imaging technique used to visualize the bile ducts and the pancreatic duct.

Pancreatic Amylase

An enzyme produced by the pancreas that aids in digesting carbohydrates by breaking down starches into sugars.

Enteritis

Inflammation of the small intestine, which can cause a variety of symptoms including abdominal pain and diarrhea.