Chase purchased a $23,000 car three years ago using a 14%, 6-year car loan. He has decided that he would sell the car now if he could get a price that would pay off the balance of his loan. What is the minimum price Chase would need to receive for his car? (Assume monthly payments.)
A) $12,592.41
B) $13,866.82
C) $14,136.72
D) $14,809.48
Correct Answer:
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