You are borrowing money to buy a car. If you can make payments of $340...
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Accounting
You are borrowing money to buy a car. If you can make payments of $340 per month starting one month from now at an interest rate of 9%, how much will you be able to borrow for the car today if you finance the amount over 4 years?
A. $19,128
B. $8,198
C. $13,663
D. $16,395
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