[Solved] Mia Wants to Purchase a Car

Question 52
Multiple Choice
Question 52

Mia wants to purchase a car. She reviewed her budget and can comfortably afford a car payment of $575 per month. She has good credit and anticipated being able to secure a 5-year loan at 2.5% interest. What is the maximum cost she should pay for a car to stay within her budgeted monthly amount?

A) $17,772.
B) $24,669.
C) $32,399.
D) $34,893.

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