Multiple Choice
Terry Brown purchases a used car and agreed to pay $200 per month for two-and-a-half years with the first payment due at the end of the first month.What was the purchase price of the car assuming an annual rate of 12%?
A) $5,628
B) $5,357
C) $5,162
D) $4,910
Correct Answer:
Verified
Correct Answer:
Verified
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