Multiple Choice
You are borrowing money to buy a car.If you can make payments of $300 per month starting one month from now at an interest rate of 4%,how much will you be able to borrow for the car today if you finance the amount over four years?
A) $6,358.54
B) $13,067.62
C) $15,587.88
D) $13,286.65
E) $15,287.27
Correct Answer:
Verified
Correct Answer:
Verified
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