You Have Reviewed Your Budget and Determine That the Most

question 136

Multiple Choice

You have reviewed your budget and determine that the most you can afford on a car loan is $375 per month. What is the most you can borrow if interest rates are 8 percent and you can pay the loan over five years?

• A) $20,591.86
• B) $16,779.02
• C) $18,494.41
• D) $21,147.83