You are borrowing $17,800 to buy a car. The terms of the loan call for monthly payments for 5 years at 8.6 percent interest. What is the amount of each payment?

A. $287.71
B. $291.40
C. $301.12
D. $342.76
E. $366.05

Ans: E. $366.05

Business

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a. True b. False

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