Question 10 How much monthly interest would you pay on a car loan balance of $23,000 with an annual interest rate of 4.2%?  Use the idea that there are 12 months in a year. Group of answer choices $87.65 $80.50 $76.89 $91.23

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
Problem 6GP
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Question 10
How much monthly interest would you pay on a car loan balance of $23,000 with an annual interest rate of 4.2%?  Use the idea that there are 12 months in a year.
Group of answer choices
$87.65
$80.50
$76.89
$91.23
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