What Amount Can You Borrow If You Make Six Quarterly $\bold{\text{(Use appropriate factor(s)from the tables provided.)}}$

question 81

Multiple Choice

What amount can you borrow if you make six quarterly payments of $4,000 at a 12% annual rate of interest? (PV of $1,FV of $1,PVA of $1,and FVA of $1) $\bold{\text{(Use appropriate factor(s) from the tables provided.) }}$

• A)$24,838.00
• B)$21,668.80
• C)$31,049.00
• D)$40,000.00
• E)$44,800.00

---

Definitions:

Emotional Appeal

A persuasive technique used in advertising and marketing to create an emotional response in the audience, aiming to influence their purchasing decisions.

Utilitarian Needs

The practical or functional aspects that consumers consider when purchasing a product, focusing on the utility and efficiency it provides.

Emotional Appeal

A marketing or communication strategy designed to elicit an emotional response from the target audience to encourage engagement or action.

Automobile Manufacturers

Companies engaged in the design, development, manufacturing, marketing, and selling of motor vehicles.