Question: Todd is able to pay $180 a month for 5 years for a car. If the interest rate is 4.9 percent, how much can Todd

Todd is able to pay $180 a month for 5 years for a car. If the interest rate is 4.9 percent, how much can Todd afford to borrow to buy a car?

The answer is either:

A. $9,752.52

B. $9,452.32

C. $8,493.52

D. $9,561.52

E. $10,800.00

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