You are borrowing money to buy a car.If you can make payments of $300 per month starting one month from now at an interest rate of 4%,how much will you be able to borrow for the car today if you finance the amount over four years?
A)$6,358.54
B)$13,067.62
C)$15,587.88
D)$13,286.65

Question

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The Answer of You are borrowing money to buy a car.If you can make payments of $300 per month starting one month from now at an interest rate of 4%,how much will you be able to borrow for the car today if you finance the amount over four years?
A)$6,358.54
B)$13,067.62
C)$15,587.88
D)$13,286.65

You Are Borrowing Money to Buy a Car