Car financing for less
2-year term
Up to $40,000
6% compared annually with a $500 up-front payment
1. What part of the offered deal is this interest rate?
2 year term
Up to $40,000
6% compounded annually****
$500 up-front payment
1. C
2. A
3. C
100% :)
Goodluck!
The answers are
1. 3/C 6% compounded annually
2.1/A most people are saving rather than buying houses
3. 3/C she will be offered higher interest rates
I just took the test
KpoplsAwful is correct!!!!!
1. C
2: A
3: C
100%
thank you so much!! and trust this
moon got the last one wrong the last one is she will be offered lower interest rates
CAC is indeed correct as of November 2022! thx a lot mate :]
Question 1:
CAR FINANCING FOR LESS
2-YEAR TERM
UP TO $40,000
6% COMPOUNDED ANNUALLY WITH A $500 UP-FRONT PAYMENT
What part of the offered deal is the interest rate?
6% COMPOUNDED ANNUALLY ✔
Question 2:
In which economic situation would interest rates decrease?Most people are saving rather than buying houses. ✔
Question 3:
Maria Ivanov has owned a successful clothing boutique chain for 20 years. She has gone into debt several times to expand her business. Each time, she paid off the debt in full sooner than expected.
Use the scenario to answer the question.
How will Maria’s record affect the loans she is offered?
She will be offered lower interest rates. ✔
Kpopisawful I hate your name but you are correct
As of February 2023, CAC is still correct!
1: C/3 - 6% COMPOUNDED ANNUALLY
2: A/1 - Most people are saving rather than buying houses.
3: C/3 - She will be offered lower interest rates.