A 60-month car loan (where no down payment was made) with a 6 percent interest rate and
Question:
A 60-month car loan (where no down payment was made) with a 6 percent interest rate and a monthly payment of $500 would allow the borrower to buy a
a. $35,500 car.
b. $30,000 car.
c. $25,863 car.
d. $28,200 car.
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