[Solved] Tammy Wants to Buy a Car That Costs $10,000 and Wishes

Question 66
Multiple Choice

Tammy wants to buy a car that costs $10,000 and wishes to know the amount of the monthly payments,which will be made at the first of the month,with interest of 12% on the unpaid balance.She should use a table for the:

A)Present value of 1.
B)Present value of an ordinary annuity of 1.
C)Present value of an annuity due of 1.
D)Future value of an annuity due of 1.

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