Multiple Choice
You are considering buying a new car. The sticker price is $15,000 and you have $2,000 to put toward a down payment. If you can negotiate a nominal annual interest rate of 10% and you wish to pay for the car over a 5-year period, what are your monthly car payments?
A) $216.67
B) $252.34
C) $276.21
D) $285.78
E) $318.71
Correct Answer:
Verified
Correct Answer:
Verified
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