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Which type of loan features steady interest rates for the duration of the loan? O A. point-based mortgage O B. fixed rate mortgage O C.

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Which type of loan features steady interest rates for the duration of the loan? O A. point-based mortgage O B. fixed rate mortgage O C. adjustable rate mortgage O D. balloon mortgage The sticker price for a new car takes into account the compensation made to the salesperson who managed the sale. This compensation is an example of what type of cost? O A. dealer cost O B. shipping cost O C. manufacturing cost O D. sales commission What type of costs associated with purchasing a car are determined by the state of purchase? O A. insurance B. maintenance O C. tax, title, and registration 0 D. optional features Calculate the monthly payment for a $10,000 auto loan over three years at 5% annual interest. Use the formula, P- Ar (+-1 is the number of months to pay. where A is the amount to finance, r is the monthly interest rate, andn O A. $241.73 O B. $299.71 O C. $353.48 O D. $397.42

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