You Have Reviewed Your Budget and Determine That the Most

Multiple Choice

You have reviewed your budget and determine that the most you can afford on a car loan is $375 per month. What is the most you can borrow if interest rates are 8 percent and you can pay the loan over five years?

A) $20,591.86
B) $16,779.02
C) $18,494.41
D) $21,147.83