To Buy a Car,you Are Given Two Options

question 46

Multiple Choice

To buy a car,you are given two options.Option 1 is to pay $20,000 cash today.Option 2 is to make monthly payments of $500 for as long as necessary,first payment made today.If the dealer charges interest at j₁₂ = 5.4%,how many payments are needed,including the very first one,if the final payment is increased by a balloon payment?

• A)42
• B)43
• C)44
• D)45

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Definitions:

Signal Collision

A phenomenon occurring in a network when two signals are sent simultaneously over the same channel, causing interference and potential data loss.

Jam Signal

A special signal sent to network nodes alerting them that a data collision has occurred.

Peer-To-Peer

A decentralized network architecture where all the participants, or nodes, share part of their resources directly with each other, without going through a centralized server.

Node

A device connected to a network such as a computer, a peripheral (such as a printer), or a communications device (such as a modem).