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Tasha Borrowed $11,000 to Purchase a New Car at an Annual

Question 221

Multiple Choice

Tasha borrowed $11,000 to purchase a new car at an annual interest rate of 11%. She is to pay it back in equal monthly payments over a 3 year period. What is her monthly payment?


A) $360.13
B) $33.61
C) $100.83
D) $421.06

Correct Answer:

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