You can buy a used car for cash of $A on August 12,2010,OR make quarterly payments of $500,starting August 12,2010 and finishing on August 12,2016.If the loan charges interest at j4 = 4%,what is the value of A?
A) $10,621.69
B) $10,727.91
C) $11,011.58
D) $11,121.69
Correct Answer:
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