34. A 60 month car loan (where no down payment was made) with a 6% interest rate and a monthly payment of $500 would allow the borrower to buy a a. $35,500 car b. $30,000 car c. $25,863 car d. $28,200 car

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34. A 60 month car loan (where no down payment was made) with a 6% interest
rate and a monthly payment of $500 would allow the borrower to buy a
a. $35,500 car
b. $30,000 car
c. $25,863 car
d. $28,200 car
Transcribed Image Text:34. A 60 month car loan (where no down payment was made) with a 6% interest rate and a monthly payment of $500 would allow the borrower to buy a a. $35,500 car b. $30,000 car c. $25,863 car d. $28,200 car
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