Question: I need answer to question 23 not question 16. no 23. Using the same facts as #16, how long would it take to pay off

I need answer to question 23 not question 16.

no 23. Using the same facts as #16, how long would it take to pay off 60% of the loan?.

a. About 45 months

b. About 50 months

c. About 55 months

d. About 58 months

16) ____c____ A car loan for $28,550 has an interest rate of 3.25% and is amortized over 72 months. What is the monthly payment on the loan?

a. $ 425.78

b. 133.45

c. 436.98

d. 351.24

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