Multiple Choice
Jah-Malya can afford a car payment of $400 per month for 48 months at an annual rate of 8.25 percent interest.Which of the following is closest to the amount she will be able to borrow for a new car?
A) $16,306
B) $4,741
C) $22,656
D) $12,997
Correct Answer:
Verified
Correct Answer:
Verified
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