Jenny Genius wants to buy a new car. She knows that she can pay $250 per month and that her bank will charge her 8% interest on the car loan. She intends to pay off the car in five years. Interest will be capitalized monthly. Of the following, which is the most expensive vehicle in your price range that she could consider?

A.	A Malibu sold for $12,320

B.	A Civic sold for $14,670

C.	A Taurus sells for $11,900

D.	A Celica sold for $17,500

Answer rating: 100% (QA)

Introduction Jenny Genius is in the process of purchasing a new car and is considering different opt... View the full answer