Question: Problem 5-73 (algorithmic) Question Help Elin purchased a used car for $11,000. She wrote a check for $2,000 as a down payment for the car

Problem 5-73 (algorithmic) Question Help Elin purchased a used car for

Problem 5-73 (algorithmic) Question Help Elin purchased a used car for $11,000. She wrote a check for $2,000 as a down payment for the car and financed the $9,000 balance. The annual percentage rate (APR) is 6% compounded monthly, and the loan is to be repaid in equal monthly installments over the next six years. Which of the following is most near to Elin's monthly car payment? Choose the correct answer below. O A. Elin's monthly car payment is $125. B. Elin's monthly car payment is $105 O C. Elin's monthly car payment is $183. O D. Elin's monthly car payment is $150 O E. Elin's monthly car payment is $299

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