Question: Todd is able to pay $360 a month for 6 years for a car. If the interest rate is 6.7 percent, how much can Todd

Todd is able to pay $360 a month for 6 years for a car. If the interest rate is 6.7 percent, how much can Todd afford to borrow to buy a car?

a. $21,668.08

b. $21,295.08

c. $21,027.48

d. $18,787.08

e. $25,920.00

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