Site MapHelpFeedbackKey Quiz 9.4
Key Quiz 9.4
(See related pages)

1
Complete the sentence: "A certified vehicle…"
A)"…has passed a safety check made by the factory which manufactured it."
B)"…is a vehicle that you determine is safe to drive."
C)"…cannot be purchased over the Internet."
D)"…is one that has passed a safety inspection by a mechanic."
2
Complete the sentence: "Leasing a vehicle is…"
A)"…a way to buy a vehicle over a longer period of time."
B)"…less expensive than buying in the long run."
C)"…renting a vehicle instead of purchasing one."
D)"…a way to buy a certified vehicle."
3
What is the after-tax cost of a $29 995 car purchased at a local dealership?
A)$33 594.40
B)$33 894.35
C)$34 194.30
D)$34 494.25
4
Gerald wants to buy a $29 995 car from a local dealership. The dealer offers financing of 6.2% annual interest, compounded monthly, over 5 years. If Gerald makes a $4500 down payment, what will his monthly payments be?
A)$5970.31
B)$658.43
C)$571.01
D)$495.26
5
Gerald also sees an advertisement in the local paper for an older model of the car he wants to buy from the dealership. The car is for sale privately for $11 000. If Gerald makes a $4500 down payment and borrows the rest at 8% interest compounded monthly over three years, what will his monthly payments be?
A)$203.69
B)$231.26
C)$248.50
D)$372.28





To learn more about the book this website supports, please visit its Information Center.
(c)2007 McGraw-Hill Higher Education
Any use is subject to the Terms of Use and Privacy Notice.
McGraw-Hill Higher Education is one of the many fine businesses of The McGraw-Hill Companies.


Foundations for College MathemOnline Learning Center

Home > Chapter 9 > Key Quiz 9.4