When an Auto Loan's Terms Are an 8%-Per-Year Interest Rate,seven

question 31

Multiple Choice

When an auto loan's terms are an 8%-per-year interest rate,seven years in length,and a purchase price of $20,000,what value should be entered in the Rate field?

• A) 8%
• B) .08*12
• C) .08/12
• D) 8%-12

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Definitions:

Leadership

The ability to guide, influence, or direct individuals or groups towards achieving set goals or objectives.

Legitimate Power

The authority a person has by virtue of their position in an organization's hierarchy, enabling them to influence others.

Boss

A term used to describe a person who is in charge of a worker or organization.

Behaviour

The actions or reactions of an individual in response to external or internal stimuli, often observed in the context of society or an organizational setting.