Solve the problem.
-Charlie cannot remember how much he financed to buy his car. He does remember that his monthly payment is $500. His add-on interest rate was 9% and he made a total of 36 payments.
Find the amount of his loan to the nearest penny.
A) $14,173.23
B) $4864.86
C) $4245.28
D) None of the above is correct.
Correct Answer:
Verified
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