Rasheed can afford a monthly car payment of $550 for 72 months at an annual interest rate of 7.5 percent. Which of the following is closest to the amount he will be able to borrow for a new car?

A) $3,984
B) $6,550
C) $31,810
D) $49,818

Answer: C

Business

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Which of the following is true of a qualified indorsement?

A) An instrument containing a qualified indorsement can only be negotiated once. B) An indorsement once qualified will protect all subsequent indorsers. C) A qualified indorsement protects only the indorser who wrote the indorsement. D) A qualified indorsement obligates the indorser to pay in case the maker defaults.

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Allowing for the return of unwanted merchandise and providing for product exchanges are necessary to maintain customers' trust and loyalty

Indicate whether the statement is true or false

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