Question: For the following problem, first choose A or B (Be sure to indicate which one you are using). Then solve the problem. Show your work!

For the following problem, first choose A or B (Be sure to indicate which one you are using). Then solve the problem. Show your work! Noah can afford monthly car payments of $380 per month and his bank is offering a 5 year loan at 9.5% interest compounded monthly, What is the maximum loan Noah can afford? Which should be used? 1.095,-2215 .095,120) 1- (1 + (1 + 12 A. PV 380 or B. FV 380 12 .095 .095 12 12 Once you have typed A or B below, then solve the problem. Be sure to show your work as you go along For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIVS Paragraph Arial 14px !!! 111 2 IXO

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