Question: After looking for a car for weeks, Chris decides on one that costs $ 1 3 , 0 0 0 . Including taxes and fees,

After looking for a car for weeks, Chris decides on one that costs $13,000. Including taxes and fees, the total he has to borrow is $14,600. He acquires a 48-month loan with a 7.95% interest rate, compounded monthly. How much interest does Chris pay?
a) $1600.00
b) $5444.86
c) $2492.32
After looking for a car for weeks, Chris decides on one

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