assignmentcafe.com – Pennylane has just taken a loan of 4-years to buy a car. Based on her monthly budget, she can only afford car payments of $185 a month for 48 months. 2022 latest answers

assignmentcafe.com –

Pennylane has just taken a loan of 4-years to buy a car. Based on her monthly budget, she can only afford car payments of $185 a month for 48 months. If the interest rate on this loan is is 4.25 percent, how much Maximum money can she can borrow for this car?

 

Group of answer choices

 

$8,152.98

 

$8,316.48

 

$7,899.60

 

$8,022.15

 

$7,931.44