Multiple Choice
Matthew wants to take out a loan to buy a car. He calculates that he can make repayments of $5000 per year. If he can get a four-year loan with an interest rate of 7.9%, what is the maximum price he can pay for the car?
A) $16,598
B) $19,918
C) $23,237
D) $26,557
Correct Answer:
Verified
Correct Answer:
Verified
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