You have reviewed your budget and determine that the most you can afford on a car loan is $550 per month. What is the most you can borrow if interest rates are 6 percent and you can pay the loan over three years?
A) $1,470.16
B) $15,639.28
C) $17,641.92
D) $18,079.06

Question

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The Answer of You have reviewed your budget and determine that the most you can afford on a car loan is $550 per month. What is the most you can borrow if interest rates are 6 percent and you can pay the loan over three years?
A) $1,470.16
B) $15,639.28
C) $17,641.92
D) $18,079.06

You Have Reviewed Your Budget and Determine That the Most