Multiple Choice
Rasheed can afford a monthly car payment of $550 for 72 months at an annual interest rate of 7.5 percent.Which of the following is closest to the amount he will be able to borrow for a new car?
A) $3,984
B) $6,550
C) $31,810
D) $49,818
Correct Answer:
Verified
Correct Answer:
Verified
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