October 1 Formative

If a vehicle is purchase from a private party, as-is, there is always an implied warranty with that purchase for 30 days.

• True

• False

If you purchase a car as-is and have problems with it, you must pay for the repairs yourself.

• True

• False

If your manufacturers' warranty has run out and you purchase an extended warranty (service contract), it is important to know what repairs the extended warranty covers?

• True

• False

Mr. Tolle is still thinking about buying that beautiful Toyota Venza, but he forgot to factor in the sales tax on this transaction. How much sales tax rounded to the nearest whole dollar will he pay.

What is the total cost of this car loan if the purchaser keeps it for the entire 60 months?

• $50,000

• $12,170

• $62,170

• $47,830

Calculate the monthly payment for the purchase of this vehicle, making sure to include the total finance charge.

Who are the major-party candidates currently running for president of the United States?

• Nikki Haley and Andrew Yang
• Joe Biden and Donald Trump
• Kamala Harris and Donald Trump

• Bernie Sanders and Elizabeth Warren

Generally, what political party falls closer to the liberal end of the political spectrum?

• Democratic Party

• Republican Party