Tom Needs a Car to Commute to Work and Has

question 61

Multiple Choice

Tom needs a car to commute to work and has found a suitable Honda Civic from a dealer for $8000.He has $3000 saved for it and can afford a monthly payment up to $250.Which of the following is the best (lowest total cost) financing option for him?

• A)Make a $2500 deposit and take a two year loan with monthly payments of $241.
• B)Make a $3000 deposit and take a two year loan with monthly payments of $221.
• C)Make a $2000 deposit and take a three year loan with monthly payments of $185.
• D)Make a $1000 deposit and take a three year loan with monthly payments of $210.

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Definitions:

Stressors

Factors or conditions that induce stress, which can be physical, psychological, or social in nature, challenging an individual's ability to cope.

Stress Toloration

Referring to an individual's capability to endure stress without succumbing to negative outcomes.

Negative Affectivity

A personality trait involving the experience of negative emotions and poor self-concept; individuals with high levels of this trait are more prone to experience a range of negative moods and views.

Work Environment

The physical and psychological conditions under which employees operate, including everything from office layout to social climate.