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Alana Agreed to Purchase a Vehicle with the Following Terms

Question 55

Multiple Choice

Alana agreed to purchase a vehicle with the following terms. She will make a $3,000 down payment on a car costing $15,000. Assuming no interest, how much would she pay per month if she financed this vehicle over 24 months?


A) $1,000
B) $500
C) $250
D) $625

Correct Answer:

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