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Solve the Problem $10,000\$ 10,000 To Purchase a New Car at an Anual Interest Rate

Question 14

Multiple Choice

Solve the problem.
-Tasha borrowed $10,000\$ 10,000 to purchase a new car at an anual interest rate of 13%13 \% . She is to pay it back in equal monthly payments over a 4 year period. What is her monthly payment?


A) $268.27\$ 268.27
B) $309.40\$ 309.40
C) $108.33\$ 108.33
D) $27.08\$ 27.08

Correct Answer:

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