Car financing for less

Question

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

Answer 1

I agree

Answer 2

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

Answer 3

moon got the last one wrong the last one is she will be offered lower interest rates

Answer 4

1. C
2. A
3. C
100% :)
Goodluck!

Answer 5

KpoplsAwful is correct!!!!!
1. C
2: A
3: C
100%
thank you so much!! and trust this

Answer 6

Kpopisawful I hate your name but you are correct

Answer 7

I hate that you have this under math. This is a social studies assignment. Get it right id. iot

Answer 8

the answers are right and kpop is not awful :/

Answer 9

yes Alex but interest rates fall into banking which involves math

Answer 10

okokok is right 100%

Answer 11

okokok is great 100%

Answer 12

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. ✔

Answer 13

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.

Answer 14

C
A
C