The statement of cash flows is prepared after all other financial statements have been prepared

Unemployment is lower in Japan than in France

Indicate whether the statement is true or false.

Mark borrows $15,000 to buy a new car. His loan has an annual interest rate of 6.5%, compounded monthly, and his monthly payment is $293.49. How much will he have paid in interest when he has finished repaying his loan in 60 months?

A) $43.49 B) $1,575.50 C) $2,609.40 D) $17,609.40