You wish to buy a $30,000 car. The dealer offers you a 5-year loan with a 9% APR. What are the monthly payments? What is the monthly payment if you paid interest only?
A) $622.75; $225.00
B) $659.41; $291.23
C) $701.23; $291.23
D) $712.03; $271.19
Correct Answer:
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