You are considering purchasing a new automobile that will cost you $28,000. The dealer offers you 4.9% APR financing for 60 months (with payments made at the end of the month). Assuming you finance the entire $28,000 and finance through the dealer, your monthly payments will be closest to:

Options:

A) $1454

B) $527

C) $467

D) $457

B. $527

Explanation: A dealer is a person or organisation that buys and sells a particular commodity,product or service. A dealer can be trading shoes,Cars,Cooking Utensils etc.

Financing is a term used to describe the process through which the total amount or cost of a particular product or commodity is paid for. A financing plan can be MONTHLY, QUARTERLY, BIANNUAL OR ANNUAL ETC.

In order to determine the monthly payment we have to determine the monthly interest rate

Monthly interest rate = APR/12 months = .049/12 = .004083 or .4083%.

28,000 = Monthly payment× (1/0.004083) × (1 - 1/(1.00408360))

Monthly payment = $527.11. THE TOTAL MONTHLY INSTALLMENTAL PAYMENT WILL BE CLOSEST TO (B) WHICH IS $527.

C) customer-management relationship (CMR).

Explanation:

Customer managed relationship (CMR) is an evolution of customer relationship management (CRM), it is like the next step. The company (Betty's Blossoms Nursery) will use software and other internet resources (specially social media) to engage customers into taking action and managing their relationship with the company. CMR focuses on social media and their relationship with their customers, and encourages customers to actively participate in their activities.