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

question 25

Multiple Choice

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

• A) 7
• B) 7*12
• C) .08/12
• D) 20,000

---

Definitions:

Representative Institutions

Bodies or organizations that are elected or appointed to act on behalf of a larger group of people, such as legislatures or councils.

Enfranchise

To enfranchise is to grant voting rights to an individual or group, thereby providing them the power to participate in choosing their government representatives.

Disenfranchise

The act of depriving someone of the right to vote or other rights of citizenship.

Civil War

Refers to a conflict between opposing groups within the same country, often over issues of governance, territory, or ideology.