Multiple Choice
Christine has just purchased a used Mercedes for $18,995. She plans to make a $2,500 down payment on the new car. What is the amount of her monthly payment on the remaining loan if she must pay 12% annual interest on a 24-month car loan?
A) $759.53
B) $776.48
C) $894.16
D) $899.87
Correct Answer:
Verified
Correct Answer:
Verified
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