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The Jepsens Are Buying a $24,900 Car and Financing It

Question 157

Multiple Choice

The Jepsens are buying a $24,900 car and financing it over the next 2 years.They secure a 5.7% loan. What will be the total of the monthly payments? Round to the nearest cent.


A) $13,202.65
B) $26,405.29
C) $22,444.50
D) $79,215.87
E) $8,801.76

Correct Answer:

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