Jenny Genius Wants to Purchase a New Car

Multiple Choice

Jenny Genius wants to purchase a new car. She knows that she can afford to pay $250 per month and that her bank will charge her 8% interest on the car loan. She intends to pay off the car in five years. Interest will be compounded monthly. Of the following, which is the most expensive vehicle in her price range that she could consider?

A) A Taurus selling for $11,900
B) A Malibu selling for $12,320
C) A Civic selling for $14,670
D) A Celica selling for $17,500