[Solved] Ja'Chia Wants to Purchase a Car

Question 51
Multiple Choice
Question 51

Ja'Chia wants to purchase a car. She reviewed her budget and can comfortably afford a car payment of $450 per month. She has good credit and anticipated being able to secure a 4-year loan at 4% interest. What is the maximum cost she should pay for a car to stay within her budgeted monthly amount?

A) $9,538.
B) $12,067.
C) $18,076.
D) $19,930.

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